Form 4: Tiedemann Advisors and Affiliates Report Acquisition of Fortress Net Lease REIT Shares Through Automatic Conversion

Tiedemann Advisors, LLC and related entities report acquiring Class D Common Shares of Fortress Net Lease REIT through an automatic conversion of existing holdings due to a fee waiver application.

Summary

• Tiedemann Advisors, LLC, along with several affiliated entities, filed a Form 4 disclosing changes in beneficial ownership of Fortress Net Lease REIT shares.
• The reported transaction involves the acquisition of Class D Common Shares of Beneficial Interest through an automatic conversion of another class of the Issuer's securities.
• This conversion was triggered by the application of a fee waiver by the Issuer, and no consideration was paid by the Reporting Persons for the acquired shares.
• As a result of the transaction, Tiedemann Advisors, LLC directly owns 6,495,642 Class D Common Shares.
• The filing also indicates that TTC Multi-Strategy Fund QP, LP, Tiedemann Advisors GP, LLC, AlTi Wealth Management Holdings, LLC, AlTi Global Holdings, LLC, AlTi Global Topco Ltd, AlTi Global Capital, LLC, and AlTi Global, Inc. may be deemed to beneficially own the same shares indirectly.
• Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The automatic conversion and fee waiver could be seen as slightly positive, but it's primarily an informational document.

Positives

• The acquisition of shares through automatic conversion suggests a continued investment and alignment of interests with Fortress Net Lease REIT.
• The fee waiver application by the Issuer could be seen as a positive move to benefit shareholders.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies and their significant shareholders, providing transparency into changes in ownership positions. This filing indicates changes in the holdings of a major shareholder of Fortress Net Lease REIT.

Stakeholder Impact

• The change in beneficial ownership may be of interest to shareholders of Fortress Net Lease REIT.
• The fee waiver application could have a minor impact on the company's financials.

Key Dates

Keywords

Fortress Net Lease REIT, Tiedemann Advisors, beneficial ownership, Class D Common Shares, automatic conversion, fee waiver, Form 4, securities