secwatch.observer — SEC 8-K summary
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Issuer:     W. P. Carey Inc. (WPC)
CIK:        0001025378
Form:       8-K
Filed at:   2023-10-06T23:59:59+00:00
Accession:  0001104659-23-107523
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025378/000110465923107523/0001104659-23-107523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025378/000110465923107523/tm2327879d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-107523

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