DEFA14A: Inland REIT Adjourns Annual Meeting for NAV Review

Inland Real Estate Income Trust, Inc. adjourned its Annual Meeting until December 17, 2025, to allow stockholders to review an updated estimated Net Asset Value.

Summary

• The Annual Meeting of Stockholders, originally convened on November 19, 2025, at 2:00 p.m. Central Time, was adjourned without conducting any business.
• The meeting will reconvene on Wednesday, December 17, 2025, at 10:00 a.m. Central Time.
• The adjournment provides stockholders an opportunity to review an updated estimated Net Asset Value (NAV) as of September 30, 2025.
• The updated NAV is expected to be published on or about December 8, 2025.
• The Company intends to file a Current Report on Form 8-K with important NAV information and make it available on its website at inland-investments.com/inland-income-trust/2025-nav.
• The record date for voting remains September 23, 2025.
• Stockholders who have previously submitted their proxy or otherwise voted and do not want to change their vote do not need to take any action, as previously submitted proxies will be voted at the reconvened meeting.
• The Board recommends voting FOR each proposal and for a frequency of ONE YEAR on proposal four, which concerns executive compensation and the frequency of the Say on Pay vote.

Sentiment

Score: 5

Explanation: The adjournment is a neutral to slightly negative event due to the delay and potential for increased costs, but it is framed positively as providing stockholders with more information (updated NAV) before voting, which is a good governance practice.

Positives

• Stockholders will have an opportunity to review updated estimated Net Asset Value (NAV) information before voting on proposals, promoting more informed decision-making.
• The company is providing transparency by making the updated NAV available through multiple channels, including a Current Report on Form 8-K, its website, and printed copies.

Negatives

• The Annual Meeting has been delayed by nearly a month, from November 19, 2025, to December 17, 2025.
• The delay may incur additional company expenses for continued proxy solicitation efforts.

Risks

• Potential for further meeting delays if stockholders require more time or if new information necessitates it.
• Risk of increased administrative costs due to extended proxy solicitation efforts.
• Uncertainty regarding the impact of the updated estimated NAV on stockholder voting decisions and the outcome of the proposals.

Future Outlook

The company intends to publish an updated estimated Net Asset Value (NAV) as of September 30, 2025, on or about December 8, 2025, and will reconvene its Annual Meeting on December 17, 2025, to vote upon the proposals set forth in the definitive proxy statement.

Management Comments

• The meeting was adjourned to provide stockholders an opportunity to review the updated NAV before any proposals to be acted upon at the Annual Meeting are voted upon.
• During the period of the adjournment, the Company will continue to solicit votes from its stockholders with respect to the proposals for the Annual Meeting.
• If voting by proxy, please do so as soon as possible to avoid additional Company expenses or meeting delays.

Industry Context

This announcement is a procedural update specific to Inland Real Estate Income Trust, Inc.'s corporate governance calendar and does not directly reflect broader industry trends. However, the emphasis on providing an updated Net Asset Value (NAV) before a stockholder vote highlights the importance of current valuation transparency in the real estate investment trust (REIT) sector, especially in potentially dynamic market conditions.

Stakeholder Impact

• Shareholders: Provided additional time to review updated Net Asset Value (NAV) information before voting, potentially leading to more informed decisions. Existing proxies remain valid.
• Company: Incurs additional expenses for continued proxy solicitation due to the extended meeting period.

Next Steps

• Publication of an updated estimated Net Asset Value (NAV) as of September 30, 2025, on or about December 8, 2025.
• Filing of a Current Report on Form 8-K with important information regarding the updated estimated NAV within one business day of the Board's decision.
• Reconvening of the Annual Meeting on Wednesday, December 17, 2025, at 10:00 a.m. Central Time.
• Continued solicitation of votes from stockholders for the Annual Meeting proposals during the adjournment period.

Key Dates

Keywords

Inland Real Estate Income Trust, SEC filing, DEFA14A, Annual Meeting, Stockholders Meeting, Proxy Statement, Net Asset Value, NAV, Corporate Governance, Shareholder Vote, Real Estate REIT