Blackwells Capital Issues Letter to Shareholders of The Necessity Retail REIT, Inc.

NEW YORK–(BUSINESS WIRE)–Blackwells Capital LLC (together with its affiliates, “Blackwells”), today issued a letter to fellow shareholders reminding them to vote on the WHITE Universal Proxy Card to support the urgent need for boardroom change at The Necessity Retail REIT, Inc. (“RTL”) (NYSE: RTL).

The full letter to shareholders has been reproduced below:

Dear Fellow Shareholder:

At the upcoming annual meeting of shareholders on May 18, 2023, shareholders will have an opportunity to halt the ongoing destruction of value at The Necessity Retail REIT, Inc. (“The Necessity Retail REIT” or “RTL”) by electing two highly qualified and independent director candidates, Jim Lozier and Richard O’Toole (together, the “Blackwells Nominees”), by voting on the WHITE Universal Proxy Card.