W. P. Carey sets record date Oct 19, distribution date Nov 1 for NLOP spin-off at 1:15 ratio

W. P. Carey Inc.

Registration statement for spin-off of 59 office properties into NLOP deemed effective Oct 6, 2023.
Record date: Oct 19, 2023; distribution date: Nov 1, 2023; ratio: 1 NLOP share per 15 WPC shares.
When-issued trading for NLOP (NLOP WI) begins Oct 27; regular-way trading (NLOP) starts Nov 2.
Ex-distribution market for WPC (WPC WI) begins Oct 27; selling WPC regular way before Nov 1 includes NLOP rights.
NLOP will be a separate publicly-traded REIT; WPC will retain 1,416 net lease properties post-spin.

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