SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Spirit Realty Capital, Inc. (NYSE – SRC)

BALA CYNWYD – October 30, 2023 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Spirit Realty Capital, Inc. (“Spirit Realty” or the “Company”) (NYSE – SRC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Realty Income Corporation (“Realty Income”) (NYSE – O). Under the terms of the merger agreement, Spirit Realty shareholders will receive 0.762 newly-issued Realty Income common shares for each Spirit common share they own. At closing, this will result in Realty Income and Spirit Realty shareholders owning approximately 87% and 13%, respectively, of the combined company.

The investigation concerns whether the Spirit Realty Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to Spirit Realty shareholders in the combined company.

If you own shares of Spirit Realty stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.