Bankruptcy court confirms OPI reorganization plan; existing equity cancelled, no recovery for shareholders

OFFICE PROPERTIES INCOME TRUST

Court entered Confirmation Order on April 22, 2026, approving Fourth Amended Joint Chapter 11 Plan.
73.9M common shares outstanding as of Oct 30, 2025 will be cancelled with no distribution; equity value eliminated.
Allowed DIP Claims receive Reorganized Common Equity at a 37% discount to Plan value.
$385M in new 8.375% senior secured notes to 2027 Noteholders; $300M in new 10% notes due 2031 plus equity to Sep 2029 Noteholders.
Conditions precedent to Effective Date remain unsatisfied; no assurance of when or if plan will become effective.

item 1.03 item 7.01 item 9.01

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