Realty Income Corporation completes spin-off of Orion Office REIT

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company^®, today announced it has completed the spin-off of substantially all of its office assets into a new independent, publicly traded REIT called Orion Office REIT Inc. ("Orion"). Orion is listed on the New York Stock Exchange ("NYSE") under the symbol "ONL." 

 Under the terms of the spin-off, Realty Income stockholders received one share of Orion common stock for every ten shares of Realty Income common stock held as of the record date of November 2, 2021. Realty Income common stockholders will receive cash in lieu of any fractional shares they would otherwise have been entitled to receive in the distribution.

Expecting to receive 5 shares of Orion Office REIT (ONL) soon...