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MDVA Modiv

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Proxy contests and exempt solicitations in last 3 years

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Vote support at last AGM


On June 30, 2021, Modiv Inc. (the “Registrant”) held its 2021 Annual Meeting of Stockholders (the “Annual Meeting”). The following is a brief description of each matter voted upon at the Annual Meeting and a statement of the number of votes cast for or against and the number of abstentions and broker non-votes with respect to each matter, as applicable. The matters are described in detail in the Registrant’s definitive proxy statement as filed with the Securities and Exchange Commission on Schedule 14A on April 21, 2021.

Proposal No. 1 – The election of seven directors for a term expiring at the 2022 annual meeting of stockholders and until their successors are duly elected and qualify

All of the director nominees listed below were elected by the Registrant’s stockholders to hold office until the next annual meeting of stockholders in 2022 and until his respective successor has been duly elected and qualifies or until his earlier resignation or removal, as follows:

NomineeVotes ForVotes AgainstAbstentionsBroker Non-Votes
Aaron S. Halfacre4,415,940178,397511,2980
Raymond E. Wirta4,395,186141,688568,7610
Joe F. Hanauer4,135,099357,571612,9650
Adam Markman4,343,852138,803622,9800
Curtis B. McWilliams4,312,471139,414653,7500
Thomas H. Nolan, Jr.4,300,809137,070667,7560
Jeffrey Randolph4,340,119125,465640,0510


Proposal No. 2a – Approval of amendments to the Registrant’s charter to remove or revise certain limitations required by the North American Securities Administrators Association and revisions to make other conforming ministerial changes

The Registrant’s stockholders of record approved the amendments to the Registrant’s charter to remove or revise certain limitations required by the North American Securities Administrators Association and to make other conforming ministerial changes, as follows:

Votes ForVotes AgainstAbstentionsBroker Non-Votes
4,294,540262,387548,7080


Proposal No. 2b – Approval of amendments to bring the Registrant’s charter more in line with those of publicly-listed companies

The Registrant’s stockholders of record approved the amendments to bring the Registrant’s charter more in line with those of publicly-listed companies, as follows:

Votes ForVotes AgainstAbstentionsBroker Non-Votes
4,450,275226,044429,3160


Proposal No. 2c – Approval of amendments to the Registrant’s charter to permit a 13th dividend based on the number of days shares of common stock have been held by the stockholder

The Registrant’s stockholders of record approved the amendments to the Registrant’s charter to permit a 13th dividend based on the number of days shares of common stock have been held by the stockholder, as follows:

Votes ForVotes AgainstAbstentionsBroker Non-Votes
4,696,186112,602296,8470


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Proposal No. 2d – Approval of amendments to the Registrant’s charter to permit redemptions of accounts with de minimis holdings

The Registrant’s stockholders of record approved the amendments to the Registrant’s charter to permit redemptions of accounts with de minimis holdings, as follows:

Votes ForVotes AgainstAbstentionsBroker Non-Votes
4,510,574160,124434,9370


Proposal No. 3 – The ratification of the appointment of Baker Tilly US, LLP as the Registrant’s independent registered public accounting firm for the year ending December 31, 2021

The Registrant’s stockholders of record ratified the appointment of Baker Tilly US, LLP as the Registrant’s independent registered public accounting firm for the fiscal year ending December 31, 2021, as follows:

Votes ForVotes AgainstAbstentionsBroker Non-Votes
4,603,04085,503417,0920


No other proposals were submitted to a vote of the Registrant’s stockholders at the Annual Meeting.