NOVA NET LEASE REIT ANNOUNCES RESULTS OF VOTING AT ANNUAL MEETING OF UNITHOLDERS

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TORONTO, Sept. 14, 2023 /CNW/ - Nova Net Lease REIT (the "REIT") (CSE: NNL.U) (OTCQB: NNLRF), a real estate investment trust focused on delivering attractive financing solutions to quality U.S. Cannabis Operators, and strong risk-adjusted returns to Investors in a tax-efficient structure,  today announced the results of voting at its annual meeting of unitholders held on September 14, 2023 (the "Meeting").

All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as trustees of the REIT. The REIT received votes as set out below:

Nominee	Votes For	% of Votes For	Votes Withheld	% of Votes Withheld
Katie Barthmaier	2,265,783	98.69 %	30,000	1.31 %
Patrick Burke	2,265,783	98.69 %	30,000	1.31 %
Steve Dawson	2,265,783	98.69 %	30,000	1.31 %
Edward Lowenthal	2,265,783	98.69 %	30,000	1.31 %
Andrew Oppenheim	2,295,783	100.00 %	0	0.00 %
Andrew Shapack	2,265,783	98.69 %	30,000	1.31 %
Rick Turner	2,265,783	98.69 %	30,000	1.31 %

In addition, the REIT reports that the appointment of MNP LLP as the REIT's auditors for the 2023 fiscal year was passed by 100% of the votes represented at the Meeting.

The REIT's full report of voting results on matters presented at the Meeting can be found at www.sedarplus.ca.

SOURCE Nova Net Lease REIT

Stacy Riffe, Chief Financial Officer, Nova Net Lease REIT, Tel: [phone]