8-KAccepted Oct 7, 4:30 PM ET
ExchangeRight Income Fund: creates two new series of NLP common units
Accepted (ET)
4:30 PM
Oct 7, 2026
Filed
Oct 7, 2026
Documents
10
Size
223.9 KB
Summary
ExchangeRight Income Fund: creates two new series of NLP common units
What happened
- The filing reports that on Oct 5, 2026, ExchangeRight Income Fund entered into an amendment to the Amended and Restated Limited Partnership Agreement of ExchangeRight Income Fund Operating Partnership, LP to designate and create two new series of the existing class of the NLP Common Units.
- The amendment was effectuated by an Amendment to Classify Common Units, became effective upon execution, and did not require the approval of the limited partners.
Key details
- The two new series are designated NLP 51 Common Units and NLP 53 Common Units.
- The Series are separate series of the existing NLP Common Units and constitute Junior Units under the Partnership Agreement.
- The Series were created to facilitate the Operating Partnership’s acquisition of certain net-leased portfolios organized as Delaware statutory trusts (DSTs) through issuance of units of the Series as consideration.
- Distributions to holders of each Series are to be determined by the company, as general partner, in its sole and absolute discretion; holders share distributions pro rata within a Series.
- Holders of these Series do not have conversion rights into other classes or series and, notwithstanding the Partnership Agreement, do not have the redemption rights in Section 8.5 unless the company, in its sole discretion, elects to provide such rights and gives prompt written notice.
Why it may matter
- This item is Item 1.01: entry into a material definitive agreement, and it covers an amendment to the partnership agreement that creates two new series of NLP common units and describes their rights, preferences, distribution mechanics, and restrictions. This filing does not show why the insider traded or why the company acted.