X0306 4 2022-02-25 0 0000067625 MONMOUTH REAL ESTATE INVESTMENT CORP MNR 0001232892 HERSTIK NEAL 101 CRAWFORDS CORNER ROAD HOLMDEL NJ 07733 1 0 0 0 Common Stock 2022-02-25 4 D 0 23372.7079 D 0 D Common Stock 2022-02-25 4 D 0 1600 D 0 I Held By Spouse 6.125% Series C Cumulative Redeemable Preferred Stock 2022-02-25 4 D 0 2400 D 0 D 6.125% Series C Cumulative Redeemable Preferred Stock 2022-02-25 4 D 0 400 D 0 I Gross, Truss & Herstik Profit Sharing Plan On February 25, 2022, pursuant to the Agreement and Plan of Merger, dated as of November 5, 2021 and as amended on February 7, 2022 (the "Merger Agreement"), by and among Monmouth Real Estate Investment Corporation ("Monmouth"), Industrial Logistics Properties Trust ("ILPT"), and Maple Delaware Merger Sub LLC ("Merger Sub"), Monmouth merged with and into Merger Sub (the "Merger"), with Merger Sub surviving as a wholly owned subsidiary of ILPT. At the effective time of the Merger (the "Effective Time"), each share of common stock, par value $0.01 per share, of Monmouth that was issued and outstanding immediately prior to the Effective Time (other than shares owned by Monmouth, ILPT or Merger Sub) was automatically converted into the right to receive $21.00 per share in cash (the "Common Stock Consideration"), without interest and subject to applicable withholding tax. At the Effective Time, each share of 6.125% Series C Cumulative Redeemable Preferred Stock, par value $0.01 per share, of Monmouth that was issued and outstanding immediately prior to the Effective Time (other than shares owned by Monmouth, ILPT or Merger Sub) was automatically converted into the right to receive an amount in cash equal to $25.00 plus accumulated and unpaid dividends to, but not including, February 25, 2022. At the Effective Time, each Monmouth restricted stock award outstanding immediately prior to the Effective Time, whether vested or unvested, became fully vested and was converted into the right to receive the Common Stock Consideration. Becky Coleridge 2022-02-25