Business Context and Reporting Period
Company: Global Net Lease, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 27, 2016
Principal Executive Offices: New York, New York
This filing serves as a Regulation FD disclosure regarding a dividend declaration and payment schedule.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to shareholder distributions:
- Annualized Dividend: $0.71 per share per annum.
- Quarterly Dividend: $0.1775 per share.
- Monthly Dividend Payment: $0.059166667 per share.
Material Changes
The material change disclosed is the formal declaration of a monthly dividend payment schedule, replacing or clarifying the previous quarterly structure. The Board of Directors authorized the shift to monthly payments effective October 2016.
Guidance, Outlook, and Management Commentary
Dividend Schedule:
- Payment Dates: October 14, 2016; November 15, 2016; and December 15, 2016.
- Record Dates: October 7, 2016; November 8, 2016; and December 8, 2016.
- Future Schedule: Dividends will be paid monthly to stockholders of record on the 8th day of each month, payable on the 15th day of such month (unless a non-business day).
Legal Disclaimer: The press release attached as Exhibit 99.1 is not deemed "filed" under the Exchange Act and is not incorporated by reference into other filings.
Investor Verification Checklist
- Verify the exact monthly dividend amount of $0.059166667 per share.
- Confirm the record dates (8th of the month) and payment dates (15th of the month) for future distributions.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K text.
- Note that this filing contains no data on operating performance, debt levels, or liquidity.