Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates

May 22, 2023

Blackwells Capital LLC (together with its affiliates, “Blackwells” or “we”) today responded to the decisions by the boards of directors of Global Net Lease, Inc. (NYSE: GNL) (“GNL”) and The Necessity Retail REIT, Inc. (Nasdaq: RTL) (“RTL”) to delay their respective Annual Meetings of Stockholders (together, the “Annual Meetings”), which were originally scheduled to be held on May 18, 2023. The Annual Meetings have been delayed by more than two months to “on or about July 21, 2023.” 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.

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