Company: INRE
Filing Date: 2025-03-11
Form Type: SC 14D9
Source: 0001193125-25-051923
Chunk: 5

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-11
Form: SC 14D9
Chunk 5
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 interest of stockholders. Accordingly, the board recommends that stockholders NOT tender their shares of Common Stock pursuant to the Offer.

| (c) | Intent to Tender. |

Although the Company’s directors and executive officers are entitled to participate in the Offer on the same basis as other stockholders, after reasonable inquiry and to the best knowledge of the Company, none of the directors or executive officers of the Company intend to tender or sell shares of Common Stock held of record or beneficially for purchase pursuant to the Offer. Further, after reasonable inquiry and to the best knowledge of the Company, none of the Company’s subsidiaries or other affiliates intends to tender or sell shares held of record or beneficially by such person for purchase pursuant to the Offer.

| Item 5. | Person/Assets, Retained, Employed, Compensated or Used. |

Neither the Company nor any person acting on its behalf has employed, retained or agreed to compensate any person to make solicitations or recommendations to stockholders concerning the Offer.

| Item 6. | Interest in Securities of the Subject Company. |

Based on the Company’s records and reporting policies and on information provided to the Company by its directors, executive officers, affiliates and subsidiaries, during the past 60 days, no transactions with respect to the Common Stock have been effected by the Company, its executive officers, directors, affiliates or subsidiaries. 3

| Item 7. | Purposes of the Transaction and Plans or Proposals. |

The Company has not undertaken and is not engaged in any negotiations in response to the Offer that relates to: (i) a tender offer or other acquisition of the Company’s securities by the Company, any of its subsidiaries or any other person; (ii) an extraordinary transaction, such as a merger, reorganization or liquidation involving the Company or any of its subsidiaries; (iii) a purchase, sale or transfer of a material amount of assets of the Company or any of its subsidiaries; or (iv) any material change in the present distribution rate or policy, or indebtedness or capitalization of the Company. There is no transaction, board resolution, agreement in principle, or signed contract in response to the Offer which relates to or would result in one or more of the foregoing matters. Prior to the Offeror commencing the Offer, the Company announced on September 18, 2024 the board’s decision to review strategic alternatives, including the sale of the Company. Subsequently, on October 28, 2024, the Company announced