Comments Off on National Retail Properties, Inc. Prices Depositary Shares Representing Series F Cumulative Redeemable Preferred Stock

Orlando, Florida, October 4, 2016 – National Retail Properties, Inc. (NYSE: NNN) (the “Company”) today announced that it has priced an underwritten public offering of 12,000,000 depositary shares, each representing a 1/100th interest in a share of its 5.20% Series F Cumulative Redeemable Preferred Stock, at a price of $25.00 per depositary share. As part of the offering, the Company granted the underwriters a 30-day option to purchase an additional 1,800,000 depositary shares to cover over-allotments, if any. The offering is expected to close on or about October 11, 2016, subject to customary closing conditions. The Company intends to apply to list the depositary shares on the New York Stock Exchange under the symbol “NNNPRF”. If its application is approved, the Company expects trading of the depositary shares on the New York Stock Exchange to commence within the 30-day period after the initial delivery of the depositary shares.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as joint book-running managers for the offering. Citigroup Global Markets Inc., Raymond James & Associates, Inc., RBC Capital Markets, LLC and Stifel, Nicolaus & Company, Incorporated acted as senior co-managers for the offering. Finally, BB&T Capital Markets, a division of BB&T Securities, LLC, Capital One Securities, Inc., PNC Capital Markets LLC and U.S. Bancorp Investments, Inc. acted as co-managers for the offering.

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