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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Saturday, March 25, 12:20 PM
Slide #143. American Finance Trust, Inc. — Preferred Stock Offering
| Company: |
American Finance Trust, Inc. (AFINP) |
| Date announced: |
9/4/2019 |
| Preferred Stock Offering Details: |
American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") today announced the launch of an underwritten public offering of its 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock"), under its existing shelf registration statement. The underwriters are expected to be granted a 30-day overallotment option to purchase additional shares of Series A Preferred Stock. This offering is a reopening of the Company's previous issuances of Series A Preferred Stock. The additional shares of Series A Preferred Stock sold in this offering will be consolidated, form a single series, and be fully fungible with all outstanding Series A Preferred Stock. The Series A Preferred Stock is listed on the Nasdaq Global Select Market under the symbol "AFINP." |
American Finance Trust is a real estate investment trust. Co. focuses on acquiring and managing a portfolio of retail and distribution related commercial real estate properties. Co. owns a portfolio of commercial properties comprised primarily of freestanding single-tenant properties that are net leased to investment grade and other creditworthy tenants and a portfolio of multi-tenant retail properties consisting primarily of power centers and lifestyle centers. Substantially all of Co.'s business is conducted through American Finance Operating Partnership, L.P., and its wholly-owned subsidiaries.
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