NEW YORK, June 22, 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 July 15, 2021 to Series A Preferred Stock holders
of record at the close of business on July 2, 2021.
In addition, AFIN announced today that it intends to continue 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).
Accordingly, AFIN declared a dividend of $0.4609375 per share of Series C Preferred Stock
payable on July 15, 2021 to Series C Preferred Stock holders
of record at the close of business on July 2, 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, AFIN's Quarterly Report on
Form 10-Q for the quarter ended March 31,
2021 filed on May 6, 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.