Net Lease Office Properties (NLOP) Proxy filing summary

Executive summary

• Shareholders are being asked to approve the Termination Authority Proposal, allowing the board to terminate the entity after selling all or substantially all properties.

• If approved, the board will handle legal and regulatory steps for termination, settle liabilities, and distribute liquidation proceeds to shareholders.

• Failure to approve the proposal means the entity would continue to exist and incur ongoing expenses, reducing distributable amounts.

Voting matters and shareholder proposals

• The main item up for vote is the Termination Authority Proposal, requiring a two-thirds majority of eligible shares.

• Not voting or abstaining has the same effect as voting against the proposal.

• The board unanimously recommends voting in favor of the proposal.

Board of directors and corporate governance

• The board is actively soliciting shareholder participation to avoid adjournment and additional costs.