Law Office of Brodsky & Smith, LLC Announces Investigation of Spirit Realty Capital, Inc.

 Law Office of Brodsky & Smith, LLC Announces Investigation of Spirit Realty
                                Capital, Inc.

PR Newswire

BALA CYNWYD, Pa., Jan. 29, 2013

BALA CYNWYD, Pa., Jan. 29, 2013 /PRNewswire/ --Law office of Brodsky & Smith,
LLC announces that it is investigating potential claims against the Board of
Directors of Spirit Realty Capital, Inc. ("Spirit Realty" or the "Company")
(NYSE: SRC) relating to the proposed merger with Cole Credit Property Trust II
("CCPT II").

Under the terms of the transaction, Spirit Realty shareholders will receive
only a fixed exchange ratio of 1.9048 CCPT II shares for each share of Spirit
Realty stock they own. CCPT II shareholders are expected to own approximately
56% and Spirit Realty shareholders are expected to own only approximately 44%
of the common shares of the combined REIT.

The investigation concerns possible breaches of fiduciary duty and other
violations of state law by the Board of Directors of Spirit Realty for not
acting in the Company's shareholders' best interests in connection with merger
with CCPT II. The deal comes less than one year after Spirit Realty's initial
public offering and involves a non traded real-estate investment trust merging
with a public REIT. It has also been reported that CCPT II acquired many of
its properties before the downturn in real estate values in 2009.

If you own shares of Spirit Realty stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC,
Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/533-src-spirit-realty-capital-inc.html, by calling
toll free 877-LEGAL-90.

SOURCE Law Office of Brodsky & Smith, LLC

Website: http://brodsky-smith.com
 
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