The company said the merger with Spirit Realty Capital was completed on January 23, 2024, and each Spirit common share, or 1 shares, was converted into 0.762 shares of Realty Income common stock.

1. 01

   The company said the merger with Spirit Realty Capital was completed on January 23, 2024, and each Spirit common share, or 1 shares, was converted into 0.762 shares of Realty Income common stock.

2. 02

   The company said it issued about 108 million shares of common stock to Spirit common stock holders and Spirit equity award holders in the merger, and issued 6.9 million shares of Series A preferred stock.

3. 03

   The company said it completed the exchange offers for 7 series of Spirit Notes on January 23, 2024, and that $52,940,000 of Spirit Notes remain outstanding across seven series after the exchange.

4. 04

   The company said the Series A preferred stock carries cumulative cash dividends at 6.000% of the $25.00 liquidation preference per share ($1.50 per share annually), with the first dividend payment date on March 29, 2024.

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Original filing

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