secwatch.observer — SEC 8-K summary
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Issuer:     REALTY INCOME CORP (O)
CIK:        0000726728
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001104659-21-132405
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Realty Income closes merger with VEREIT; issues 161.6M shares; plans Orion spin-off Nov 12
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- VEREIT stockholders received 0.705 Realty Income shares per share; ~161.6M total shares issued.
- Two former VEREIT directors, Priscilla Almodovar and Mary Hogan Preusse, appointed to Realty Income board.
- Realty Income assumed $4.65B of VEREIT notes; exchange offers for Realty Notes expire Nov 5, 2021.
- Spin-off of office assets into Orion Office REIT expected Nov 12; record date Nov 2, 2021.
- Board increased from 10 to 12; new directors each receive 4,000 restricted shares vesting over 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/726728/000110465921132405/0001104659-21-132405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/726728/000110465921132405/tm2128361d8_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-132405

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