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Nontraded REIT Merger Announced

December 20, 2016

Nontraded REIT Merger Announced

December 21, 2016, Updated 11:28am | by James Sprow | Blue Vault

Money transfer

New York, December 20, 2016 – Global Net Lease Inc. (“GNL” or the “Company”)(NYSE: GNL)and American Realty Capital Global Trust II Inc. (“Global II”) announced today that, based on the final vote tally from each company’s special meeting of stockholders held earlier today, stockholders overwhelmingly approved the merger of Global II with and into GNL. Pursuant to the terms of the merger agreement, dated August 8, 2016, GNL will acquire all of the outstanding common stock of Global II at an exchange ratio of 2.27 GNL common shares per Global II share.

Of the votes cast today at GNL’s stockholder meeting, approximately 93% were in favor of the merger transaction. In a separate vote for stockholders of Global II, the acquisition target, approximately 86% of shares voted were in favor of the merger transaction. The Company anticipates the merger will close on December 22, 2016, subject to the satisfaction of the remaining closing conditions.

 

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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.