On October 25, 2022, Blackwells Capital LLC announced it has nominated 2 exceptional candidates; Richard L. O?Toole and Jim Lozier for election to the board of directors of Global Net Lease Inc at the upcoming 2023 annual meeting of shareholders and plans to pursue a number of corporate governance initiatives. Additionally, Blackwells announced its intent to propose 2 additional independent directors for the 2024 annual meeting of shareholders. Blackwells stated that it calls for Termination of the Company Management Agreement with AR Global and the creation of a special independent committee to evaluate governance and other corporate governance initiatives.