Sila Realty Trust, Inc. (the 'Company' or 'Sila') announced that management and the Board of Directors has determined that it intends to pursue a listing on the New York Stock Exchange ('NYSE') in the late second quarter or early third quarter of 2024. The Company intends to list its common stock on the NYSE under the ticker symbol 'SILA'. The listing is subject to, among other things, the Company meeting the NYSE listing requirements and receiving NYSE listing authorization, as well as market conditions.

There can be no assurance as to whether, or when, the listing may be completed. 'We are excited to announce our intention to list the Company on the New York Stock Exchange, as we believe our existing institutional quality and diverse portfolio, along with our strategy of investing in real estate net leased to leading operators along the continuum of healthcare delivery provides a differentiated opportunity for investors in the REIT space,' stated Michael A. Seton, President and Chief Executive Officer of the Company. 'Listing on the New York Stock Exchange will provide our shareholders with liquidity optionality and should allow us to further grow the Company, and, we believe, consequently enhance value to our shareholders, as we gain access to the public equity markets'.

Prior to listing the Company on the NYSE, on May 1, 2024, the Company will effectuate a 1-for-4 reverse stock split of all classes of common stock. As a result of the reverse stock split, our stockholders will receive one share of the Company's common stock for every four shares of the Company's issued and outstanding common stock. The Company expects to arrange for the disposition of fractional shares, or to pay cash for the fair value of fractional shares, that were owned prior to, or are the result of, the reverse stock split.

Although the reverse stock split will reduce the total shares of common stock outstanding, it will have no material impact on our stockholders as voting rights per share, percentage ownership interest in the Company, and the dividend yield will remain the same.