ISS, Glass Lewis make recommendations on GNL, Necessity Retail votes

NEW YORK, May 8 (Reuters) – Proxy advisory firms ISS and Glass Lewis urged shareholders in Global Net Lease Inc and Necessity Retail REIT Inc to withhold support from several incumbent directors amid a battle with hedge fund Blackwells Capital.

“Given the multiple governance deficiencies of the company, shareholders are recommended to withhold support from both (James) Nelson and (Edward) Weil (at Global Net Lease),” ISS wrote. It also recommended withholding support from Weil and Lisa Kabnick at Necessity Retail REIT.