Form 4: Tiedemann Advisors Reports Acquisition of Fortress Net Lease REIT Shares Through Automatic Conversion

Tiedemann Advisors, along with related entities, reports acquiring Class D Common Shares of Fortress Net Lease REIT through an automatic conversion of existing securities due to a fee waiver.

Summary

• Tiedemann Advisors, LLC, along with several related entities, filed a Form 4 detailing changes in beneficial ownership of Fortress Net Lease REIT shares.
• The report indicates that the Reporting Persons acquired Class D Common Shares of Beneficial Interest through an automatic conversion.
• This conversion was triggered by the Issuer's application of a fee waiver.
• No consideration was paid by the Reporting Persons for the additional Class D Shares acquired through this conversion.
• As a result of the transaction on February 3, 2025, Tiedemann Advisors directly owns 6,492,908 Class D Common Shares.
• The filing also clarifies the indirect ownership of these shares by TTC Multi-Strategy Fund QP, LP, Tiedemann Advisors GP, LLC, and several parent companies including AlTi Wealth & Capital Solutions Holdings, LLC, AlTi Global Holdings, LLC, AlTi Global Topco Limited, AlTi Global Capital, LLC, and AlTi Global, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports a routine transaction (automatic share conversion) without expressing any strong positive or negative views about the company's prospects.

Positives

• The acquisition of shares through automatic conversion suggests a continued investment and confidence in Fortress Net Lease REIT by Tiedemann Advisors and related entities.

Future Outlook

The document does not contain explicit forward-looking statements regarding the future outlook of Fortress Net Lease REIT or Tiedemann Advisors' investment strategy.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market regarding the investment activities of key stakeholders in publicly traded companies.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholders by demonstrating continued investment from a significant stakeholder.

Key Dates

Keywords

Form 4, Beneficial Ownership, Fortress Net Lease REIT, Tiedemann Advisors, Class D Shares, Automatic Conversion, Fee Waiver