NEW YORK, March 26, 2021 /PRNewswire/ -- American
Finance Trust, Inc. (Nasdaq: AFIN/ AFINP / AFINO) ("AFIN")
announced today that it intends to continue to pay dividends on a
quarterly basis on its 7.50% Series A Cumulative Redeemable
Perpetual Preferred Stock (the "Series A Preferred Stock") at an
annualized rate of $1.875 per share
or $0.46875 per share on a quarterly
basis. Dividends on the Series A Preferred Stock are payable
in arrears to Series A Preferred Stock holders of record at the
close of business on the applicable record date and payable on the
15th day of the first month of each fiscal quarter (or, if not a
business day, the next succeeding business day).
Accordingly, AFIN declared a dividend of $0.46875 per share of Series A Preferred Stock
payable on April 15, 2021 to Series A Preferred Stock holders
of record at the close of business on April 5, 2021.
In addition, AFIN announced today that it intends to pay
dividends on a quarterly basis on its 7.375% Series C Cumulative
Redeemable Perpetual Preferred Stock (the "Series C Preferred
Stock") at an annualized rate of $1.84375 per share or $0.4609375 per share on a quarterly basis.
Dividends on the Series C Preferred Stock are payable in arrears to
Series C Preferred Stock holders of record at the close of business
on the applicable record date and payable on the 15th day of the
first month of each fiscal quarter (or, if not a business day, the
next succeeding business day). April 15,
2021 is the first quarterly payment date since the Series C
Preferred Stock was originally issued and represents an accrual of
more than a full quarter, covering the period from
December 18, 2020 to March 31,
2021.
Accordingly, AFIN declared a dividend of $0.53033 per share of Series C Preferred Stock
payable on April 15, 2021 to Series C Preferred Stock holders
of record at the close of business on April 5, 2021.
About American Finance Trust, Inc.
American Finance Trust, Inc. (Nasdaq: AFIN) is a publicly traded
real estate investment trust listed on the Nasdaq focused on
acquiring and managing a diversified portfolio of primarily
service-oriented and traditional retail and distribution related
commercial real estate properties in the U.S. Additional
information about AFIN can be found on its website at
www.americanfinancetrust.com.
Important Notice
The statements in this press release that are not historical
facts may be forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause the
outcome to be materially different. In addition, words such as
"anticipates," "believes," "expects," "estimates," "projects,"
"plans," "intends," "may," "would" and similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. These
forward-looking statements are subject to risks, uncertainties and
other factors, many of which are outside of AFIN's control, which
could cause actual results to differ materially from the results
contemplated by the forward-looking statements. These risks and
uncertainties include the potential adverse effects of the ongoing
global COVID-19 pandemic, including actions taken to contain or
treat COVID-19, on AFIN, AFIN's tenants and the global economy and
financial markets and that the information about rent collections
may not be indicative of any future period, as well as those set
forth in the Risk Factors section of AFIN's most recent Annual
Report on Form 10-K for the year ended December 31, 2020 filed on February 25, 2021 and all other filings with the
SEC after that date, as such risks, uncertainties and other
important factors may be updated from time to time in AFIN's
subsequent reports. Further, forward-looking statements speak only
as of the date they are made, and AFIN undertakes no obligation to
update or revise any forward-looking statement to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results over time, unless required by law.
Contacts:
Investor Relations
investorrelations@americanfinancetrust.com
(866) 902-0063
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SOURCE American Finance Trust, Inc.