Purchase Your Blue Vault Research SubscriptionJan 29 2016 | Article by: The DI Wire
American Finance Trust Inc., a publicly registered non-traded real estate investment trust formerly known as American Realty Capital Trust V, announced its intention to reinstate its currently-suspended distribution reinvestment plan. Reinstatement is predicated upon the approval by the SEC of a pending registration statement.
As previously reported by The DI Wire, the company planned to list on the New York Stock Exchange under the symbol “AFIN” during the third quarter of 2015, but canceled the liquidity event in September.
The company’s stock was originally sold to investors at $25.00 per share, but there was concern that listing on an exchange would not yield that price, given that the FTSE NAREIT All Equity REIT index was down 6 percent for the year at September 30th.
Go BackRecent News
- Invesco Real Estate Income Trust Inc. Closes Two Credit Transactions Totaling $51.8 Million in Commitments
- Gladstone Land Announces Election of Paula Novara as Director
- Gladstone Commercial Corporation Announces Monthly Cash Distributions for October, November and December 2022 and Third Quarter Ended September 30, 2022 Earnings Release and Conference Call Dates
- Gladstone Land Announces Increase in Monthly Cash Distributions for October, November and December 2022 and Third Quarter Ended September 30, 2022, Earnings Release and Conference Call Dates
- Capital Square Acquires Luxury Multifamily Community Near Louisville for DST Offering
Blue Vault has been an important partner to Geneos in providing us and our advisors pertinent information about non-traded products and the industry as a whole. The annual BD Summit is a valuable due diligence experience for any broker dealer."
