Net Lease Office Properties to spin off from W. P. Carey on Nov 1; one NLOP share per 15 WPC shares

Net Lease Office Properties

Distribution of NLOP common shares by WPC expected on November 1, 2023.
Record date for WPC stockholders is October 19, 2023; exchange ratio is 1 NLOP share per 15 WPC shares.
NLOP common stock expected to begin regular-way trading on NYSE under ticker symbol 'NLOP' on November 2, 2023.
Registration statement declared effective by SEC on October 6, 2023; corrected information statement filed.
Amendment corrects typographical error regarding regular-way market of WPC common stock.

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