Spirit MTA REIT Files Definitive Proxy Statement in Connection with Proposed Sale of Assets for $2.4 Billion

Spirit MTA REIT (NYSE: SMTA) (“SMTA” or the “Company”) announced today that the Company has filed definitive proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) related to its agreement to sell its Owned Properties held in the Company’s Master Trust 2014 (the “Trust”) and three assets presently owned by Spirit Realty Capital, Inc. to Hospitality Properties Trust (“HPT”) (NASDAQ: HPT) for $2.4 billion in total cash consideration, subject to certain adjustments, as previously announced on June 3, 2019 (the “Sale”).

The definitive proxy statement is now available on the Investor Relations section of SMTA’s website, as well as www.sec.gov and will be mailed to all SMTA shareholders.

The Company announced that it will hold a Special Meeting of Shareholders on September 4, 2019. The meeting will take place at 8:30 AM Central Time, at 2727 North Harwood Street, Suite 300, Dallas, Texas 75201. All shareholders of record as of the close of business on July 29, 2019 will be entitled to vote at the Special Meeting. At the meeting, SMTA shareholders will consider and vote on the proposed Sale, as well as a Plan of Voluntary Liquidation. If the proposed Sale is approved by the Company’s shareholders, the closing of the proposed transaction is expected to occur on September 20, 2019, subject to satisfaction of previously disclosed closing conditions.

Holders of SMTA common shares are encouraged to read the Company’s definitive proxy materials as they summarize, among other things, the process that led to the proposed transaction with HPT and the reasons for the Board of Trustees’ unanimous recommendation that shareholders vote “FOR” the proposed Sale and Plan of Voluntary Liquidation. Each SMTA common stockholder vote is very important, regardless of the number of shares owned.

ABOUT SPIRIT MTA REIT

Spirit MTA REIT (NYSE: SMTA) is a net-lease REIT headquartered in Dallas, Texas. SMTA owns one of the largest, most diversified and seasoned commercial real estate backed master funding vehicles. SMTA is managed by a wholly-owned subsidiary of Spirit Realty Capital, Inc. (NYSE: SRC), one of the largest publicly traded triple net-lease REITs.

As of March 31, 2019, our diversified portfolio was comprised of 796 properties, including properties securing mortgage loans made by the Company. Our Owned Properties, with an aggregate gross leasable area of approximately 13.9 million square feet, are leased to approximately 203 tenants across 43 states and 24 industries. More information about Spirit MTA REIT can be found on the investor relations page of the Company's website at www.spiritmastertrust.com.