PreferredStockChannel

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Thu, December 2, 6:20 PM

Slide #57. American Finance Trust, Inc. Preferred Stock Offering

Company: American Finance Trust, Inc. (NASDAQ:AFIN)
Date announced: 12/14/2020
Shares Offered: 3,200,000
Date of Pricing: 12/15/2020
Price Per Share: $25.00
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 Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C 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 C Preferred Stock. -updated 12/15- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") today announced the pricing of an underwritten public offering of 3,200,000 shares of its 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") at a gross offering price of $25.00 per share. In addition, the Company has granted the underwriters a 30-day overallotment option to purchase up to an additional 480,000 shares of Series C Preferred Stock. The Company has applied to list the shares of Series C Preferred Stock on the Nasdaq Global Select Market. The Series C Preferred Stock will have a $25.00 liquidation preference per share.

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.

Preferred: AFINP


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Name: 
American Finance Trust Inc
Website: 
www.americanfinancetrust.com
Sector: 
REITs
Number of ETFs Holding AFIN: 
28 (see which ones)
Total Market Value Held by ETFs: 
$157,575,056.72
Total Market Capitalization: 
$981,000,000
% of Market Cap. Held by ETFs: 
16.06%
 

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