---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-107523"
form_type: "8-K"
ticker: "WPC"
cik: "0001025378"
company_name: "W. P. Carey Inc."
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:11:07.865502+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-107523
- form_type: 8-K
- ticker: WPC
- cik: 0001025378
- company_name: W. P. Carey Inc.
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1025378/000110465923107523/0001104659-23-107523-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1025378/000110465923107523/tm2327879d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-107523
- JSON: https://secwatch.observer/filing/0001104659-23-107523.json
- Plain text: https://secwatch.observer/filing/0001104659-23-107523.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.