Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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Net Lease Office Properties (Name of Issuer) |
Common Stock (Title of Class of Securities) |
64110Y108 (CUSIP Number) |
Jake Crowhurst Asset Value Investors Ltd, 2 Cavendish Square London, X0, W1G 0PU 442076594807 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
02/19/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 64110Y108 |
| 1 |
Name of reporting person
Asset Value Investors Ltd | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
 (b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
UNITED KINGDOM
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
757,496.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
5.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IV |
SCHEDULE 13D
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| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Common Stock |
| (b) | Name of Issuer:
Net Lease Office Properties |
| (c) | Address of Issuer's Principal Executive Offices:
C/O W. P. CAREY INC., ONE MANHATTAN WEST, 395 9TH AVE. 58 FL, NEW YORK,
NEW YORK
, 10001. |
| Item 2. | Identity and Background |
| (a) | Asset Value Investors Ltd |
| (b) | Asset Value Investors Ltd, 2 Cavendish Square, London, W1G 0PU |
| (c) | Investment Management firm, London, United Kingdom |
| (d) | NO |
| (e) | No |
| (f) | United Kingdom |
| Item 3. | Source and Amount of Funds or Other Consideration |
Working Capital | |
| Item 4. | Purpose of Transaction |
a) The acquisition of shares of the issuer | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | Total shares held is 757,496 shares and represents 5.1% of the shares outstanding based on public data of total shares outstanding of: 14,785,014 |
| (b) | Asset Value Investors has the sole power to direct the vote for all shares stated. |
| (c) | 02/13/2025 - 12,214 shares @ $31.62605702/14/2025 - 9,486 shares @ $32.16733902/18/2025 - 32,685 shares @ $32.95240402/19/2025 - 152,015 shares @ $33.881273 |
| (d) | n/a |
| (e) | n/a |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
n/a | |
| Item 7. | Material to be Filed as Exhibits. |
n/a |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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