Realty Income has announced the tentative merger date with Vereit, which will be on 11/1/2021. The date of record will be 11/2/2021, and the distribution date will be 11/12/2021.

Realty Income shareholders will receive 1 share of the new entity "Orion Office REIT INC (NYSE: ONL) for every 10 shares of Realty Income.

Additionally, Vereit shareholders will receive .705 shares of Realty Income for every share of Vereit they own.

Realty Income Press Release - https://www.realtyincome.com/investors/press-releases/press-release-details/2021/Realty-Income-And-VEREIT-Announce-Anticipated-Closing-Date-For-Merger-And-Realty-Income-Sets-Record-And-Distribution-Dates-For-Spin-Off/default.aspx

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Timestamps-
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01:27 When will I receive Realty Income spin-off?

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#Dividends #RealtyIncome #Vereit