AFC Gamma Announces Record Date and Special Dividend for Spin-Off of Commercial Real Estate Portfolio
AFC Gamma, Inc. (AFCG)
Company Research
Source: GlobeNewswire
Record Date for Distribution of Sunrise Realty Trust to be July 8, 2024Distribution Date Expected to be July 9, 2024Board of Directors Declares $0.15 per Share Spin-Off Special Dividend WEST PALM BEACH, Fla., June 27, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that the previously announced spin-off of its commercial real estate portfolio is expected to be completed on July 9, 2024. The commercial real estate portfolio will spin-off into a new independent, publicly-traded REIT, Sunrise Realty Trust, Inc. (“SUNS”). Holders of AFC Gamma common stock as of the close of business on July 8, 2024 (the “Record Date”) will be entitled to receive one share of new SUNS common stock for every three shares of AFCG common stock held. The distribution is expected to occur prior to the opening of trading on July 9, 2024, and shares of SUNS common stock will begin trading on Nasdaq under the symbol “SUNS”. AFC Gamma will not issue fractional shares of its
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AFCG
News
- AFC Gamma Announces Record Date and Special Dividend for Spin-Off of Commercial Real Estate Portfolio [Yahoo! Finance]Yahoo! Finance
- AFC Gamma, Inc. (NASDAQ: AFCG) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- AFC Gamma Announces Second Quarter 2024 Dividend [Yahoo! Finance]Yahoo! Finance
- AFC Gamma Announces Second Quarter 2024 DividendGlobeNewswire
- Co-Founder & Executive Chairman of AFC Gamma Leonard Tannenbaum Buys 1.6% More Shares [Yahoo! Finance]Yahoo! Finance
AFCG
Earnings
- 5/9/24 - Beat
AFCG
Sec Filings
- 6/6/24 - Form 4
- 5/23/24 - Form 8-K
- 5/20/24 - Form 8-K
- AFCG's page on the SEC website