Item 1.01. Entry into a Material Definitive Agreement.
On January 6, 2013, American Realty Capital Trust, Inc., a Maryland
corporation (the “Company”), entered into an amendment (the “Amendment”) to that certain Agreement and
Plan of Merger, dated as of September 6, 2012 (the “Merger Agreement”), with Realty Income Corporation, a Maryland
corporation (“Realty”), and Tau Acquisition LLC, a Delaware limited liability company and wholly owned subsidiary of
Realty (“Merger Sub”), pursuant to which the Company would merge with and into Merger Sub (the “Merger”).
The Amendment adds a cash portion to the merger consideration such that, upon the Merger, each outstanding share of common stock,
par value $0.01 per share, of the Company will be converted into the right to receive 0.2874 shares of common stock, par value
$0.01 per share, of Realty plus $0.35 per share in cash. Other than amendments to the Merger Agreement related to the addition
of the cash portion of the merger consideration, the Company and Realty did not amend the Merger Agreement in any other respect.
A copy of the Amendment is attached hereto as Exhibit 2.1.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to
the full text of such amendment. For further information, see the joint press release dated January 7, 2013 included as
exhibit 99.1 hereto.
About the Company
American Realty Capital Trust, Inc., a publicly traded Maryland
corporation listed on The NASDAQ Global Select Market under the trading symbol "ARCT", is a leading self-administered
real estate company that owns and acquires single tenant free standing commercial real estate properties that are primarily net
leased on a long-term basis to investment grade rated and other creditworthy tenants. Additional information about the Company
can be found on the Company's website at www.arctreit.com.
Additional Information and Where to Find It
In connection with the proposed merger,
the Company and Realty have filed a definitive proxy statement with the SEC on December 6, 2012 and commenced mailing the
definitive proxy statement and a form of proxy to the stockholders of the Company. BEFORE MAKING ANY VOTING DECISION, INVESTORS
ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT REGARDING THE PROPOSED MERGER CAREFULLY AND IN ITS ENTIRETY BECAUSE THE PROXY
STATEMENT CONTAINS IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Investors will be able to obtain, without charge, a copy of
the definitive proxy statement and other relevant documents filed with the SEC from the SEC’s website at
http://www.sec.gov
.
Copies of the documents filed by the Company with the SEC are also available free of charge on the Company’s website at
http://ir.arctreit.com
,
and copies of the documents filed by Realty with the SEC are available free of charge on Realty’s website at
http://www.realtyincome.com
.
Participants in Solicitation
The Company, Realty and their respective directors and executive
officers may be deemed to be participants in the solicitation of proxies from the Company’s and Realty’s stockholders
in respect of the proposed merger. Information regarding the Company’s directors and executive officers can be found in the
Company’s definitive proxy statement filed with the SEC on May 21, 2012. Information regarding Realty’s directors and
executive officers can be found in Realty’s definitive proxy statement filed with the SEC on March 30, 2012. Stockholders
may obtain additional information regarding the interests of the Company and its directors and executive officers in the proposed
merger, which may be different than those of the Company’s stockholders generally, by reading the definitive proxy statement
filed in connection with the proposed merger with the SEC on December 6, 2012 and other relevant documents regarding the proposed
merger filed with the SEC. These documents are available free of charge on the SEC’s website and from the Company or Realty,
as applicable, using the sources indicated above.
Forward-Looking Statements
Information set forth herein (including information included
or incorporated by reference herein) contains “forward-looking statements” (as defined in Section 21E of the Securities
Exchange Act of 1934, as amended), which reflect the Company’s and Realty’s expectations regarding future events. The
forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ
materially from those contained in the forward-looking statements. Such forward-looking statements include, but are not limited
to whether and when the transactions contemplated by the merger agreement will be consummated, the new combined company’s
plans, market and other expectations, objectives, intentions and other statements that are not historical facts.
The following additional factors, among others, could
cause actual results to differ from those set forth in the forward-looking statements: the ability of the Company and Realty to
obtain the stockholder approvals required to consummate the proposed merger; unexpected costs or unexpected liabilities that may
arise from the transaction, whether or not consummated; the inability to retain key personnel; continuation or deterioration of
current market conditions; future regulatory or legislative actions that could adversely affect the companies; and the business
plans of the customers of the respective parties. Additional factors that may affect future results are contained in the Company’s
and Realty’s filings with the SEC, which are available at the SEC’s website at
www.sec.gov
. The Company and
Realty disclaim any obligation to update and revise statements contained in these materials based on new information or otherwise.