Attached files

Exhibit 99.1
Press Release, dated April 29, 2011


FOR IMMEDIATE RELEASE: April 29, 2011


April 29, 2011.  On April 29, 2011, Pittsburgh & West Virginia
Railroad (the "Trust") (AMEX: PW) appointed William S. Susman
as Trustee, to serve until the next annual meeting to be held
in May 2011.  Mr. Susman has 20 years of investment banking
experience, including significant experience in the railroad
industry. As the former head of Merrill Lynch's Transportation
and Consumer Group, Mr. Susman advised numerous railroad
clients, including Burlington Northern, CSX, Kansas City
Southern, Norfolk Southern Railways, TMM and Union Pacific.
The Trust believes Mr. Susman is an excellent addition to the
Board of Trustees and that his advice and guidance will
benefit the Trust as it seeks to expand its business.

The Trust also announced the launch of its corporate website
at www.pwreit.com as part of its ongoing efforts to broaden
its business and acquire additional transportation and energy
infrastructure assets consistent with its status as a real-
estate investment trust (REIT).

About Pittsburgh & West Virginia Railroad
The Trust is an infrastructure real estate investment trust
that is focused on acquiring and owning transportation and
energy infrastructure assets.  The Trust currently owns 112
miles of railroad between West Virginia and Ohio that is
leased to Norfolk Southern Corporation.  For more information,
please visit www.pwreit.com.

Forward-Looking Statements
This press release may contain include forward-looking
statements within the meaning of the Securities Act of 1933,
as amended, and Securities Exchange Act of 1934, as amended.
Forward-looking statements are those that predict or describe
future events or trends and that do not relate solely to
historical matters. You can generally identify forward-looking
statements as statements containing the words "believe,"
"expect," "will," "anticipate," "intend," "estimate,"
"project," "plan," "assume" or other similar expressions, or
negatives of those expressions, although not all forward-
looking statements contain these identifying words. All
statements contained in this press release regarding the
Trust's future strategy, future operations, projected
financial position, estimated future revenues, projected
costs, future prospects, the future of the Trust's industries
and results that might be obtained by pursuing management's
current or future plans and objectives are forward-looking
statements. Over time, the Trust's actual results, performance
or achievements will likely differ from the anticipated
results, performance or achievements that are expressed or
implied by the Trust's forward-looking statements, and such
difference might be significant and materially adverse to the
Trust's security holders.

All forward-looking statements reflect the Trust's good faith
beliefs, assumptions and expectations, but they are not
guarantees of future performance.  Furthermore, the Trust
disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, of new information, data or methods,
future events or other changes.  For a further discussion of
these and other factors that could cause the Trust's future
results to differ materially from any forward-looking
statements, see the section entitled "Risk Factors" in the
Trust's final amended prospectus relating to the Trust's
rights offering filed with the Securities and Exchange
Commission on February 25, 2011, and other risks described in
documents subsequently filed by the Trust from time to time
with the Securities and Exchange Commission.

Investor Contact:
Pittsburgh & West Virginia Railroad
Arun Mittal, CFA
VP Business Development
212-750-037