Dividends paid by NLOP will be authorized and determined by our Board of Trustees, in its sole discretion, and will be dependent upon a number of factors. While the Company paid a dividend in January 2024, it does not intend to pay regular dividends going forward, except as may be necessary to maintain its REIT qualification.

Dividend table
Ex-Dividend Date Record Date Payable Date Amount Per Share Type
December 15, 2023 December 18, 2023 January 29, 2024 $0.34 * Cash/Shares

* 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.