Share Repurchase Program (SRP)
Inland Western shares are not listed or traded on a national exchange and cannot be readily sold. In addition, there are limits on the ownership, transferability and redemption of shares. The Share Repurchase Program provides stockholders with limited, interim liquidity. A stockholder who has beneficially owned shares for at least one year may be eligible to sell his or her shares back to Inland Western, subject to certain restrictions, at a price of $10.00 per share.
To request a repurchase, the stockholder of record must complete the Share Repurchase Program Request Form and mail it with a $50 check made payable to Registrar and Transfer Company, to the following address:
Attn: Share Repurchase Department
P.O. Box 1727
10 Commerce Drive
Cranford, NJ 07015
Phone: (800) 960-6552
Share repurchase requests will not be processed between the 30th of any month and the 10th of the following month.
Repurchases through the SRP will be made on a first-come, first-serve basis. Subject to funds being available, the number of shares repurchased during any calendar year will be limited to five percent (5%) of the weighted average number of shares outstanding during the prior calendar year.
Inland Western cannot guarantee that the funds set aside for the SRP will be sufficient to accommodate all requests made each year. If funds are not available when repurchase is requested, the stockholder has the option of either withdrawing the request or asking the Company to honor the request when and if funds become available. Pending requests would be pro rated, depending upon availability of funds.
