other material
confidence high
sentiment neutral
materiality 0.50
Inland Real Estate Income Trust amends management agreement, gains termination right upon a Liquidity Event
Inland Real Estate Income Trust, Inc.
- Entered Amended & Restated Master Real Estate Management Agreement with affiliate Inland Commercial Real Estate Services LLC on Nov 6, 2024.
- New agreement grants Company the right to terminate the management agreement upon closing or completion of a 'Liquidity Event' as defined in the business management agreement.
- At annual meeting on Nov 6, stockholders elected Robert D. Parks and Lee A. Daniels as Class III directors (three-year terms).
- KPMG LLP ratified as independent auditor for fiscal 2024 with 18,395,504 votes for, 179,746 against, 259,181 abstentions.
- Total shares present: 18,834,431 (52.16% of entitled), with 8,067,499 broker non-votes.