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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 3, 2023
The Necessity Retail REIT, Inc.
(Exact Name of Registrant as Specified in
Charter)
Maryland |
|
001-38597 |
|
90-0929989 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
650
Fifth Avenue, 30th
Floor
New York,
New York 10019 |
(Address, including zip code, of Principal Executive Offices) |
Registrant’s telephone
number, including area code: (212) 415-6500
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to section 12(b) of the Act:
Title of each class: |
|
Trading
Symbol(s) |
|
Name of each exchange
on which
registered: |
Class
A Common Stock, $0.01 par value per share |
|
RTL |
|
The Nasdaq Global Select Market |
7.50% Series A Cumulative Redeemable
Perpetual Preferred Stock, $0.01 par value per share |
|
RTLPP |
|
The Nasdaq Global Select Market |
7.375% Series C Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share |
|
RTLPO |
|
The Nasdaq Global Select Market |
Preferred Stock Purchase Rights |
|
|
|
The Nasdaq Global Select Market |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01. Regulation FD Disclosure.
Common Stock Dividends
On July 3, 2023, The Necessity Retail REIT, Inc.
(the “Company”) issued a press release announcing the declaration of a dividend of $0.2125 per share payable on July 17, 2023
to holders of record of shares of the Company’s Class A Common Stock at the close of business on July 13, 2023.
A copy of the press release is attached as Exhibit
99.1 to this Current Report on Form 8-K. Such press release shall not be deemed “filed” for any purpose, including for the
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the
liabilities of that Section. The information in Item 7.01, including Exhibit 99.1, shall not be deemed incorporated by reference into
any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in such
filing.
The statements in this Current Report on
Form 8-K that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and
uncertainties that could cause actual results or events to be materially different. The words “may,” “will,”
“seeks,” “anticipates,” “believes,” “expects,” “estimates,”
“projects,” “plans,” “intends,” “should” and similar expressions are intended to
identify forward-looking statements, although not all forward-looking statements contain these identifying words. These
forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the
Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking
statements. These risks and uncertainties include the potential adverse effects of (i) the global COVID-19 pandemic,
including actions taken to contain or treat COVID-19, (ii) the geopolitical instability due to the ongoing military conflict between
Russia and Ukraine, including related sanctions and other penalties imposed by the U.S. and European Union, and the related impact
on the Company, the Company’s tenants and the global economy and financial markets, and (iii) inflationary conditions and
higher interest rate environments, as well as those risks and uncertainties set forth in the Risk Factors section of the
Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed on February 23, 2023 and all other filings
with the Securities and Exchange Commission after that date, as such risks, uncertainties and other important factors may be updated
from time to time in the Company's subsequent reports. Further, forward-looking statements speak only as of the date they are made,
and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating results over time, unless required to do so by law.
Item 9.01. Financial Statements and Exhibits.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
|
THE NECESSITY RETAIL REIT, INC. |
|
|
|
Date: July 3, 2023 |
By: |
/s/ Edward M. Weil, Jr. |
|
|
Edward M. Weil, Jr. |
|
|
Chief Executive Officer and President |
Exhibit 99.1
FOR IMMEDIATE RELEASE
The Necessity Retail REIT
Announces Common Stock Dividend
NEW YORK –July 3, 2023 - The
Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) (“RTL”) announced today that it declared quarterly dividends on its
outstanding common stock. Specifically, RTL declared a dividend of $0.2125 per share of Class A common stock payable on July 17, 2023,
to common stockholders of record at the close of business on July 13, 2023.
About The Necessity Retail REIT Where America
Shops
The Necessity Retail REIT, Inc. (Nasdaq: RTL)
is a publicly traded real estate investment trust listed on the Nasdaq focused on acquiring and managing a diversified portfolio of primarily
service-oriented and traditional retail and distribution related commercial real estate properties in the U.S. Additional information
about RTL can be found on its website at www.necessityretailreit.com.
Important Notice
The statements in this press release that are
not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause
the actual results or events to be materially different. The words “may,” “will,” “seeks,” “anticipates,”
“believes,” “expects,” “estimates,” “projects,” “plans,” “intends,”
“should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements
contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many
of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated
by the forward-looking statements. These risks and uncertainties include the potential adverse effects of (i) the global COVID-19 pandemic,
including actions taken to contain or treat COVID-19, (ii) the geopolitical instability due to the ongoing military conflict between Russia
and Ukraine, including related sanctions and other penalties imposed by the U.S. and European Union, and the related impact on the Company,
the Company’s tenants and the global economy and financial markets, and (iii) inflationary conditions and higher interest rate environments,
as well as those risks and uncertainties set forth in the Risk Factors section of the Company’s most recent Annual Report on Form
10-K for the year ended December 31, 2022 filed on February 23, 2023, and all other filings with the SEC after that date, as such risks,
uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Further, forward-looking
statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement
to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required
by law.
Contacts:
Investor Relations
ir@rtlreit.com
(866) 902-0063
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