Bellevue Capital Partners Files SC 13D/A for Global Net Lease
Ticker: GNL-PD · Form: SC 13D/A · Filed: Jun 26, 2024 · CIK: 1526113
| Field | Detail |
|---|---|
| Company | Global Net Lease, Inc. (GNL-PD) |
| Form Type | SC 13D/A |
| Filed Date | Jun 26, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.01, $10.01, $10.00, $10.03, $8.90 |
| Sentiment | neutral |
Sentiment: neutral
Topics: shareholder-activity, amendment, real-estate
Related Tickers: GNL
TL;DR
Bellevue Capital Partners updated their 13D filing for GNL, adding new group members. Watch for potential strategy changes.
AI Summary
On June 26, 2024, Bellevue Capital Partners, LLC filed an SC 13D/A amendment concerning their holdings in Global Net Lease, Inc. The filing indicates a change in the group members associated with the filing, including the addition of Edward M. Weil, Jr. and Nicholas S. Schorsch. The specific details of the change in beneficial ownership or the exact percentage held are not detailed in this excerpt.
Why It Matters
This filing signals a potential shift in the control or influence over Global Net Lease, Inc. by a significant shareholder group.
Risk Assessment
Risk Level: medium — Changes in major shareholder filings can precede significant corporate actions or shifts in strategy, introducing uncertainty.
Key Players & Entities
- Bellevue Capital Partners, LLC (company) — Filing entity
- Global Net Lease, Inc. (company) — Subject company
- Edward M. Weil, Jr. (person) — Group member
- Nicholas S. Schorsch (person) — Group member
FAQ
What is the specific change in beneficial ownership reported in this SC 13D/A filing?
The provided excerpt does not specify the exact change in beneficial ownership or the percentage of shares held. It primarily details the filing of an amendment and lists group members.
Who are the new group members added to the filing?
The new group members listed in the filing include Edward M. Weil, Jr. and Nicholas S. Schorsch, among others like AMERICAN REALTY CAPITAL GLOBAL II SPECIAL LP LLC, AR CAPITAL LLC, AR GLOBAL INVESTMENTS, LLC, MWM I, LLC, MWM PIC, LLC, and NICHOLAS S. SCHORSCH 2016 GRANTOR RETAINED ANNUITY TRUST.
What is the Central Index Key (CIK) for Global Net Lease, Inc.?
The CIK for Global Net Lease, Inc. is 0001526113.
What is the business address of Bellevue Capital Partners, LLC?
The business address for Bellevue Capital Partners, LLC is 222 Bellevue Avenue, Newport, RI 02840.
When was Global Net Lease, Inc. formerly known as American Realty Capital Global Trust, Inc.?
Global Net Lease, Inc. was formerly known as American Realty Capital Global Trust, Inc. on August 10, 2012.
Filing Stats: 2,214 words · 9 min read · ~7 pages · Grade level 9.3 · Accepted 2024-06-26 18:57:06
Key Financial Figures
- $0.01 — INC. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class o
- $10.01 — A N/A 01/10/2024 Sell 220,564 $10.01 $10.00 - $10.03 01/19/2024 Sell
- $10.00 — 01/10/2024 Sell 220,564 $10.01 $10.00 - $10.03 01/19/2024 Sell 150,000
- $10.03 — 24 Sell 220,564 $10.01 $10.00 - $10.03 01/19/2024 Sell 150,000 $8.90
- $8.90 — $10.03 01/19/2024 Sell 150,000 $8.90 $8.90 - $8.93 01/22/2024 Sell 1
- $8.93 — 2024 Sell 150,000 $8.90 $8.90 - $8.93 01/22/2024 Sell 176,577 $9.04
- $9.04 — - $8.93 01/22/2024 Sell 176,577 $9.04 $9.03 - $9.07 01/23/2024 Sell 3
- $9.03 — 01/22/2024 Sell 176,577 $9.04 $9.03 - $9.07 01/23/2024 Sell 34,135
- $9.07 — 2024 Sell 176,577 $9.04 $9.03 - $9.07 01/23/2024 Sell 34,135 $8.93
- $8.91 — 01/23/2024 Sell 34,135 $8.93 $8.91 - $9.00 01/24/2024 Sell 20,000
- $9.00 — /2024 Sell 34,135 $8.93 $8.91 - $9.00 01/24/2024 Sell 20,000 $9.00
- $9.01 — /2024 Sell 20,000 $9.00 $9.00 - $9.01 01/25/2024 Sell 158,021 $8.93
- $8.92 — 01/25/2024 Sell 158,021 $8.93 $8.92 - $8.93 01/26/2024 Sell 4,837 $
- $8.95 — 6/2024 Sell 4,837 $8.90 $8.90 - $8.95 02/16/2024 Sell 155,000 $8.10
- $8.10 — - $8.95 02/16/2024 Sell 155,000 $8.10 $8.06 - $8.13 06/13/2024 Sell 1
Filing Documents
- eh240500948_13da1-gnl.htm (SC 13D/A) — 148KB
- 0000950142-24-001714.txt ( ) — 151KB
Security and Issuer
Item 1. Security and Issuer. Unless indicated otherwise, all items left blank remain unchanged and any items which are reported are deemed to amend and supplement the existing items in the Schedule 13D. Capitalized terms used herein without definition shall have the meaning set forth in the Original Schedule 13D.
Source and Amount of Funds or Other Consideration
Item 3. Source and Amount of Funds or Other Consideration.
of the Schedule 13D is amended and supplemented
Item 3 of the Schedule 13D is amended and supplemented by inserting the following information: Bellevue Capital Partners The following transactions were effected by Bellevue Capital Partners from November 9, 2023 to June 26, 2024: Trade Date Buy/Sell Number of Shares of Common Stock Weighted Average Price Per Share of Common Stock (1) Price Range (2) 11/09/2023 N/A 2,609,728 (3) N/A N/A 01/10/2024 Sell 220,564 $10.01 $10.00 - $10.03 01/19/2024 Sell 150,000 $8.90 $8.90 - $8.93 01/22/2024 Sell 176,577 $9.04 $9.03 - $9.07 01/23/2024 Sell 34,135 $8.93 $8.91 - $9.00 01/24/2024 Sell 20,000 $9.00 $9.00 - $9.01 01/25/2024 Sell 158,021 $8.93 $8.92 - $8.93 01/26/2024 Sell 4,837 $8.90 $8.90 - $8.95 02/16/2024 Sell 155,000 $8.10 $8.06 - $8.13 06/13/2024 Sell 159,720 $7.32 $7.28 - $7.36 06/14/2024 Sell 145,058 $7.25 $7.23 - $7.26 06/17/2024 Sell 200,000 $7.16 $7.14 - $7.26 06/18/2024 Sell 89,271 $7.32 $7.16 - $7.20 06/20/2024 Sell 433,350 $7.19 $7.15 - $7.22 06/21/2024 Sell 450,000 $7.08 $7.05 - $7.16 06/24/2024 Sell 150,000 $7.19 $7.17 - $7.25 06/25/2024 Sell 150,000 $7.08 $7.06 - $7.12 06/26/2024 Sell 100,000 $7.02 $7.02 - $7.08 (1) Unless otherwise indicated, these shares were purchased in multiple transactions at the price ranges set forth in the column labeled “Price Range.” Bellevue Capital Partners undertakes to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range. (2) Price ranges are inclusive. Rows marked “N/A” mean all shares were sold at the same price. (3) Reflects a distribution of shares to a former member of Bellevue Capital Partners CUSIP No. 379378201 SCHEDULE 13D Page 12 of 14
Purpose of Transaction
Item 4. Purpose of Transaction. The information set out in Item 3 of this Schedule 13D is hereby incorporated herein by reference.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer.
of the Schedule 13D is amended and supplemented by incorporating
Item 5 of the Schedule 13D is amended and supplemented by incorporating by reference the information set forth in boxes (11) and (13) of the cover pages to this Amendment for each of the Reporting Persons, and such information is incorporated herein by reference. The percentages reported herein are calculated based upon 230,383,756 outstanding shares of Common Stock as of May 3, 2024. CUSIP No. 379378201 SCHEDULE 13D Page 13 of 14
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: June 26, 2024 BELLEVUE CAPITAL PARTNERS, LLC By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: General Counsel Dated: June 26, 2024 MWM PIC, LLC By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: Attorney-in-fact Dated: June 26, 2024 MWM I, LLC By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: Attorney-in-fact Dated: June 26, 2024 AR CAPITAL, LLC By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: Attorney-in-fact Dated: June 26, 2024 AR GLOBAL INVESTMENTS, LLC By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: Attorney-in-fact CUSIP No. 379378201 SCHEDULE 13D Page 14 of 14 Dated: June 26, 2024 American Realty Capital Global II Special LP LLC By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: Attorney-in-fact Dated: June 26, 2024 NICHOLAS S. SCHORSCH By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: Attorney-in-fact Dated: June 26, 2024 NICHOLAS S. SCHORSCH 2016 GRANTOR RETAINED ANNUITY TRUST By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: Attorney-in-fact Dated: June 26, 2024 EDWARD M. WEIL, JR. By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: Attorney-in-fact