{"id":759803,"date":"2023-05-22T08:03:38","date_gmt":"2023-05-22T12:03:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\/"},"modified":"2023-05-22T08:03:38","modified_gmt":"2023-05-22T12:03:38","slug":"blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\/","title":{"rendered":"Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nBlackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates<\/p>\n<p class=\"bwalignc\"><b><i>GNL and RTL Must Renounce Entrenchment Maneuvers That Hinder Stockholders\u2019 Ability to Elect Unconflicted Representatives to the Boards<\/i><\/b><\/p>\n<p class=\"bwalignc\"><b><i>Frivolous Litigation and \u2018Trip, Fall, Delay\u2019 Schemes Serve an Inveterate Board Beholden to External Manager, AR Global, at Stockholders\u2019 Expense<\/i><\/b><\/p>\n<p class=\"bwalignc\"><b><i>Visit <\/i><\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fstoparglobal.com%2F&amp;esheet=53403977&amp;newsitemid=20230522005243&amp;lan=en-US&amp;anchor=StopARGlobal.com&amp;index=1&amp;md5=43431e18be98cc7992d63fd7f4072b6d\"><b><i>StopARGlobal.com<\/i><\/b><\/a><b><i> to Learn How to Vote on the <span class=\"bwuline\">WHITE<\/span> Universal Proxy Card Today<\/i><\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBlackwells Capital LLC (together with its affiliates, \u201cBlackwells\u201d or \u201cwe\u201d) today responded to the decisions by the boards of directors of Global Net Lease, Inc. (NYSE: GNL) (\u201cGNL\u201d) and The Necessity Retail REIT, Inc. (Nasdaq: RTL) (\u201cRTL\u201d) to delay their respective Annual Meetings of Stockholders (together, the \u201cAnnual Meetings\u201d), which were originally scheduled to be held on May 18, 2023. The Annual Meetings have been delayed by more than two months to \u201con or about July 21, 2023.\u201d Blackwells believes the boards of directors of GNL and RTL should immediately confirm the July timing for the Annual Meetings and publicly commit to forgoing further delays.<\/p>\n<p>\nJason Aintabi, Chief Investment Officer of Blackwells, commented:<\/p>\n<p>\n\u201cGNL and RTL\u2019s last-minute delay of their Annual Meetings is another unacceptable effort by AR Global to protect its stranglehold on the coffers of the companies. Blackwells\u2019 campaigns at GNL and RTL seek vital change, which is reinforced with each instance of governance wrongdoings. Blackwells continues to build a strong case to terminate <b><i>for cause<\/i><\/b> the oppressive management agreements that, in our view, act as permission slips to promote misconduct, fiduciary negligence, intolerable conflicts of interest and a pillaging of profits that belong to stockholders \u2013 not in the pocket of an ambivalent external manager.\u201d<\/p>\n<p>\nBlackwells urges fellow stockholders to support our efforts to bring much-needed accountability to GNL and RTL by voting to elect Jim Lozier and Richard O&#8217;Toole to each company\u2019s board of directors. Stockholders can vote on the <b><span class=\"bwuline\">WHITE<\/span><\/b> Universal Proxy Card today to start to rid GNL and RTL of what we believe is stagnation, management self-enrichment and stockholder value destruction. We also encourage stockholders to join us in urging the board of directors to confirm the July timing for the Annual Meetings and that the companies will not enact any other entrenchment maneuvers.<\/p>\n<p><b><span class=\"bwuline\">About Blackwells Capital<\/span><\/b><\/p>\n<p>\nBlackwells Capital was founded in 2016 by Jason Aintabi, its Chief Investment Officer. Since that time, it has made investments in public securities, engaging with management and boards, both publicly and privately, to help unlock value for stakeholders, including shareholders, employees and communities. Blackwells\u2019 investments in real estate have ranged from property development and management to REITs and adjacent real estate activities, including financing, origination, and managing real estate backed securities, including direct mezzanine and equity investments. Throughout their careers, Blackwells\u2019 principals have invested globally on behalf of leading public and private equity firms and have held operating roles and served on the boards of media, energy, technology, insurance and real estate enterprises. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.blackwellscap.com&amp;esheet=53403977&amp;newsitemid=20230522005243&amp;lan=en-US&amp;anchor=www.blackwellscap.com&amp;index=2&amp;md5=82430ca953c239e3f020703fe04eb6b9\">www.blackwellscap.com<\/a>.<\/p>\n<p><b>IMPORTANT ADDITIONAL INFORMATION<\/b><\/p>\n<p>\nBlackwells Onshore I LLC (\u201cBlackwells Onshore\u201d), Blackwells Capital LLC (\u201cBlackwells Capital\u201d), Jason Aintabi (collectively, Mr. Aintabi, Blackwells Onshore and Blackwells Capital, \u201cBlackwells\u201d), Related Fund Management, LLC (\u201cRFM\u201d), Richard O\u2019Toole and James L. Lozier (collectively, Blackwells, RFM and Messrs. O\u2019Toole and Lozier, the \u201cParticipants\u201d) are participants in the solicitation of proxies from the stockholders of RTL in connection with the 2023 annual meeting of stockholders (including any other meeting of stockholders held in lieu thereof and adjournments, postponements, reschedulings or continuations thereof, the \u201cAnnual Meeting\u201d). The Participants have filed with the SEC a definitive proxy statement (the \u201cProxy Statement\u201d) and accompanying <b><span class=\"bwuline\">WHITE<\/span><\/b> Universal Proxy Card to be used in connection with any such solicitation of proxies from RTL\u2019s stockholders for the Annual Meeting. BLACKWELLS STRONGLY ADVISES ALL STOCKHOLDERS OF RTL TO READ THE PROXY STATEMENT, THE ACCOMPANYING <b><span class=\"bwuline\">WHITE<\/span><\/b> UNIVERSAL PROXY CARD AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY THE PARTICIPANTS, AS THEY CONTAIN IMPORTANT INFORMATION, INCLUDING ADDITIONAL INFORMATION RELATED TO THE PARTICIPANTS AND THEIR DIRECT OR INDIRECT INTERESTS, BY SECURITY HOLDINGS OR OTHERWISE. The Proxy Statement and an accompanying <b><span class=\"bwuline\">WHITE<\/span><\/b> Universal Proxy Card are being furnished to some or all of RTL\u2019s stockholders and are available, along with any amendments or supplements to the Proxy Statement and other relevant documents, at no charge on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov%2F&amp;esheet=53403977&amp;newsitemid=20230522005243&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.sec.gov%2F&amp;index=3&amp;md5=09b221b34589ea342d005ac0b5caba79\">http:\/\/www.sec.gov\/<\/a>. In addition, the Participants will provide copies of the Proxy Statement without charge upon request. Requests for copies should be directed to Blackwells Onshore.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230522005243r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230522005243\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230522005243\/en\/<\/a><\/span><\/p>\n<p>\nMorrow Sodali<br \/>\n<br \/>(800) 662-5200<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:blackwells@morrowsodali.com\">blackwells@morrowsodali.com<\/a><\/p>\n<p>\nGagnier Communications<br \/>\n<br \/>Dan Gagnier<br \/>\n<br \/>(646) 569-5897<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:blackwells@gagnierfc.com\">blackwells@gagnierfc.com<\/a><\/p>\n<p>\nLongacre Square Partners<br \/>\n<br \/>(646) 386-0091<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:blackwells@longacresquare.com\">blackwells@longacresquare.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> REIT Finance Professional Services Construction &amp; Property Insurance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates GNL and RTL Must Renounce Entrenchment Maneuvers That Hinder Stockholders\u2019 Ability to Elect Unconflicted Representatives to the Boards Frivolous Litigation and \u2018Trip, Fall, Delay\u2019 Schemes Serve an Inveterate Board Beholden to External Manager, AR Global, at Stockholders\u2019 Expense Visit StopARGlobal.com to Learn How to Vote on the WHITE Universal Proxy Card Today NEW YORK&#8211;(BUSINESS WIRE)&#8211; Blackwells Capital LLC (together with its affiliates, \u201cBlackwells\u201d or \u201cwe\u201d) today responded to the decisions by the boards of directors of Global Net Lease, Inc. (NYSE: GNL) (\u201cGNL\u201d) and The Necessity Retail REIT, Inc. (Nasdaq: RTL) (\u201cRTL\u201d) to delay their respective Annual Meetings of Stockholders (together, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-759803","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates GNL and RTL Must Renounce Entrenchment Maneuvers That Hinder Stockholders\u2019 Ability to Elect Unconflicted Representatives to the Boards Frivolous Litigation and \u2018Trip, Fall, Delay\u2019 Schemes Serve an Inveterate Board Beholden to External Manager, AR Global, at Stockholders\u2019 Expense Visit StopARGlobal.com to Learn How to Vote on the WHITE Universal Proxy Card Today NEW YORK&#8211;(BUSINESS WIRE)&#8211; Blackwells Capital LLC (together with its affiliates, \u201cBlackwells\u201d or \u201cwe\u201d) today responded to the decisions by the boards of directors of Global Net Lease, Inc. (NYSE: GNL) (\u201cGNL\u201d) and The Necessity Retail REIT, Inc. (Nasdaq: RTL) (\u201cRTL\u201d) to delay their respective Annual Meetings of Stockholders (together, &hellip; Continue reading &quot;Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-22T12:03:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230522005243r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates\",\"datePublished\":\"2023-05-22T12:03:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\\\/\"},\"wordCount\":824,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230522005243r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\\\/\",\"name\":\"Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates - 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(NYSE: GNL) (\u201cGNL\u201d) and The Necessity Retail REIT, Inc. (Nasdaq: RTL) (\u201cRTL\u201d) to delay their respective Annual Meetings of Stockholders (together, &hellip; Continue reading \"Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-22T12:03:38+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230522005243r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates","datePublished":"2023-05-22T12:03:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\/"},"wordCount":824,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230522005243r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-calls-on-global-net-lease-inc-and-the-necessity-retail-reit-inc-to-confirm-annual-meeting-dates\/","name":"Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates - 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