THE AFTER FILE, NOT AVAILABLE AT THE NOVEMBER 2021 DECISION DATE
Selected faithful excerpts from post-decision issuer statements. These facts must never appear in the frozen samples folder. Source IDs and dated links are in REVEAL_SOURCES.csv beside this file.

R1. ILPT, July 14, 2022, second-quarter dividend notice, opening paragraphs:
"ILPT's Board of Trustees has reduced ILPT's regular quarterly cash distribution on its common shares for the second quarter to $0.01 per share."
"Since then, there have been unanticipated increases in interest rates and deterioration in real estate market conditions. As a result, it is taking longer than originally expected to complete ILPT's long term financing plan for the Monmouth acquisition, which includes the sale of additional equity interests in its consolidated joint venture, property sales and other refinancing activities."
The company's stated reason is about financing and markets. This notice does not establish that the Halfmoon tenant missed any rent.

R2. ILPT, FY2022 Form 10-K, filed February 14, 2023, Management's Discussion and Analysis, Note 2 and Note 5. The filing prints dollar amounts rounded to the nearest $1,000; bracketed figures restate them in full US dollars:
"In connection with the closing of the Merger, we entered into a [$1,385,158,000] interest only bridge loan facility secured by 109 of our properties ... The Bridge Loan was scheduled to mature in February 2023 and required that interest be paid at an annual rate of secured overnight financing rate, or SOFR, plus a weighted average premium of 2.92%."
"We repaid the Bridge Loan in full on September 22, 2022 with cash on hand and proceeds from the ILPT Floating Rate Loan."
"During the year ended December 31, 2022, we recorded a [$22,231,000] loss on early extinguishment of debt to write off unamortized costs related to the Bridge Loan and related interest rate cap."
These are portfolio financing facts, not a Halfmoon-specific NOI calculation. Do not mistake loan interest sensitivity for recorded interest paid: SOFR history, accrual dates and hedge settlements are not in this small packet.