secwatch.observer — SEC 8-K summary
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Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001628280-23-032422
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewLake Capital maintains $0.39 quarterly dividend, upsizes share repurchase program by $10M
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- Board declared Q3 2023 cash dividend of $0.39 per share ($1.56 annualized), payable Oct 13 to holders of record Sep 29.
- Company repurchased 713,831 shares at avg $12.96, using $9.3M of original $10M authorization.
- Board authorized $10M increase to repurchase program, extended to Dec 31, 2024; approx $10.7M remaining.
- CEO cites compelling value in stock and opportunity to invest in own shares while pursuing sale-leaseback deals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000162828023032422/0001628280-23-032422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000162828023032422/nclp-20230915.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-032422

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