On September 12, 2014, Mr. Robert H. Burns and Mr. Edward M. Weil, Jr. resigned as members of the board of directors of American Realty Capital Trust V Inc., effective as of that same date. Neither Mr. Burns nor Mr. Weil resigned pursuant to any disagreement with the company. Mr. Weil served as a director since January 2013.

Mr. Weil will continue to serve in his capacity as president, chief operating officer, treasurer and secretary of the Company. Mr. Burns served as an independent director and as a member of the audit committee since January 2013. Simultaneously with the resignations of Messrs.

Burns and Weil, the Company's board of directors took action to reduce the number of directors constituting the entire board to three directors pursuant to Article III, Section 2 of the Company's bylaws, with such reduction in size of the board being effective immediately following the resignations of Messrs. Burns and Weil.