Blackwells Capital Nominates Two Directors for Election to the Global Net Lease Inc
October 25, 2022 at 09:00 am EDT
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On October 25, 2022, Blackwells Capital LLC announced it has nominated 2 exceptional candidates; Richard L. O?Toole and Jim Lozier for election to the board of directors of Global Net Lease Inc at the upcoming 2023 annual meeting of shareholders and plans to pursue a number of corporate governance initiatives. Additionally, Blackwells announced its intent to propose 2 additional independent directors for the 2024 annual meeting of shareholders. Blackwells stated that it calls for Termination of the Company Management Agreement with AR Global and the creation of a special independent committee to evaluate governance and other corporate governance initiatives.
Global Net Lease, Inc. is a real estate investment trust (REIT). The Company focuses on acquiring and managing a global portfolio of income producing net lease assets across the United Sates and Western and Northern Europe. The Companyâs segments include Industrial & Distribution, Multi-Tenant Retail, Single-Tenant Retail, and office. The Industrial & Distribution, Single-Tenant Retail and Office segments owns, manages, and leases single-tenant properties. The Multi-Tenant Retail segment owns, manages and lease multi-tenant properties. The Company owns approximately 1,300 properties, encompassing over 66 million square feet in 11 countries. Its industry diversity includes healthcare, financial services, auto manufacturing, discount retail, specialty retail, gas/convenience, freight, consumer goods, home improvement, retail banking, and quick service restaurant.