Distribution Information

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.

* On December 8, 2023, the Board of Trustees of Net Lease Office Properties (the “Company”) authorized a common share dividend (the “Dividend”) of $0.34 per share to shareholders of record as of the close of business on December 18, 2023 (the “Record Date”). Shareholders had the option to elect to receive their dividend in the form of cash or additional NLOP shares, with the aggregate amount of cash distributed by NLOP limited to a maximum of 20% of the total dividend (the “Maximum Cash Distribution”). Following the results of the elections, shareholders who elected to receive the dividend in cash received approximately 28.9% paid in cash, with the balance paid in additional shares of NLOP.

NLOP Dividend Reinvestment and Share Purchase Plan

Current registered shareholders interested in the ability to reinvest their distributions or make additional investments should contact the Plan Administrator, Computershare Inc. at 1-877-239-1480 or www.computershare.com/investor.