On November 1, 2023, W. P. Carey (NYSE: WPC) completed the spin off a portfolio of 59 office properties (the “Office Properties”) into a separate publicly traded REIT (the “Separation”) called Net Lease Office Properties (the “Spin-Off”) by way of a pro rata special dividend of common shares of Net Lease Office Properties to W. P. Carey common stockholders of record as of the close of business on the record date for the distribution (the “Distribution”).
Net Lease Office Properties is publicly traded on the New York Stock Exchange (NYSE:NLOP). Additional information can be found on the Stock Information page on our website.
Distributions paid by NLOP will be authorized and determined by our Board, in its sole discretion, and will be dependent upon a number of factors. Future special cash distributions will be at the discretion of our Board of Trustees and will depend upon, among other things, our actual and anticipated results of operations and liquidity, which will be affected by various factors, including the timely receipt of rental income from our portfolio; the timing of and proceeds from asset sales; our operating expenses (including management fees); capital expenditures for our portfolio; our current intention to maintain our qualification as a REIT; and other factors which may be outside of our control. There can be no assurance as to the amount or timing of future distributions.
Current registered shareholders interested in the ability to reinvest their quarterly distributions or make additional investments on a monthly basis should contact the Plan Administrator, Computershare Inc. at 1-877-239-1480 or www.computershare.com/investor.
Investors holding shares in a brokerage account will need to contact that brokerage firm.
Computershare is the Transfer Agent for Net Lease Office Properties.
NLOP Investors: 1-877-239-1480Website: Computershare Investor CenterForms: Computershare Printable Forms
Written Inquiries:Computershare Investor ServicesPO Box 43006Providence, RI, 02940-3006
Overnight/Certified/Registered Delivery:Computershare Investor Services150 Royal Street, Suite 101Canton, MA 02021
Net Lease Office Properties will provide its shareholders with tax information on Form 1099-DIV, informing them of the character of distributions made during the taxable year. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Net Lease Office Properties distributions.
If your shares are held with our transfer agent Computershare, you can request a replacement tax form by calling 1-877-239-1480 or by logging into your account at Computershare Investor Center.
If your shares are held in a brokerage account, you will need to contact that brokerage firm to request a replacement tax form. Additional information can be found on the Tax Information page of our website.
Shareholders who hold their shares at Computershare can use the Computershare Transfer Wizard or by calling 1-877-239-1480.
If your shares are held in a brokerage account, you will need to contact that brokerage firm.
If your shares are held at Computershare, you can sell your shares by logging into your account at Computershare Investor Center or by calling 1-877-239-1480.
If your shares are held with our transfer agent, Computershare, you can access or set up your account online at Computershare Investor Center or by calling 1-877-239-1480.
If your shares are held in a brokerage account, you will need to contact that brokerage firm to access your shares.
Investors can sign up to receive E-mail Alerts on our website.
Institutional Investor Relations1-212-492-1140 InstitutionalIR@nloproperties.com
Individual Investor Relations1-844-NLO REIT (656-7348)IR@nloproperties.com
Property InquiryAM@nloproperties.com