New Mountain Net Lease Trust expands board to seven, adopts share repurchase and DRP plans

New Mountain Net Lease Trust

Board expanded from one to seven members; independent trustees include Brown, Martin, Lindemann, McGrath.
Share repurchase plan limits quarterly repurchases to 5% of aggregate NAV.
Distribution reinvestment plan for Class I shareholders effective July 1, 2025.
Independent trustees receive $100,000 annual retainer (75% cash, 25% RSUs) plus $10,000 audit chair fee.
Amended declaration of trust and bylaws adopted; indemnification agreements entered with all trustees.

item 1.01 item 5.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

New Mountain Net Lease Trust: Company entered into an Amended and Restated Declaration of Trust, effective December 16, 2024 (effective 2024-12-16).

Change: charter amendment
Effective: 2024-12-16

Exact text from the filing

Effective on December 16, 2024, the Company entered into an Amended and Restated Declaration of Trust (the "Declaration of Trust"), which amended and restated the Company’s Declaration of Trust, dated August 5, 2024.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

New Mountain Net Lease Trust: In connection with the execution of the Declaration of Trust, the Company adopted Bylaws, effective December 16, 2024 (effective 2024-12-16).

Change: bylaw amendment
Effective: 2024-12-16

Exact text from the filing

In connection with the execution of the Declaration of Trust, effective on December 16, 2024, the Company adopted Bylaws.

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-24-130810

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