NLOP spin-off from W.P. Carey cleared by SEC; distribution expected Nov 1, 2023

Net Lease Office Properties

SEC declared effective NLOP's registration statement on Oct 6, 2023, allowing distribution.
Distribution of NLOP shares to WPC stockholders on Nov 1, 2023; record date Oct 19, 2023.
WPC stockholders get one NLOP share for every 15 WPC shares held.
NLOP common stock expected to trade 'regular way' on NYSE under ticker NLOP starting Nov 2, 2023.
Information Statement dated Oct 6, 2023 attached as Exhibit 99.1 details the spin-off.

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