AFC Gamma Announces Special Dividend Of $0.15 For Spin-Off Of Commercial Real Estate Portfolio; Distribution Is Expected To Occur Prior To The Opening Of Trading On July 9, 2024, And Shares Of Suns Common Stock Will Begin Trading On Nasdaq Under The Symbol "SUNS"

6/27/24 4:37:59 PM ET

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Record Date for Distribution of Sunrise Realty Trust to be July 8, 2024

Distribution Date Expected to be July 9, 2024

Board of Directors Declares $0.15 per Share Spin-Off Special Dividend

WEST PALM BEACH, Fla., June 27, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("AFC Gamma") today announced that the previously announced spin-off of its commercial real estate portfolio is expected to be completed on July 9, 2024. The commercial real estate portfolio will spin-off into a new independent, publicly-traded REIT, Sunrise Realty Trust, Inc. ("SUNS").

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Recent Analyst Ratings for
$AFCG

Date	Price Target	Rating	Analyst
10/9/2024	$13.00	Buy	Seaport Research Partners
8/16/2024	$10.00 → $9.00	Sell → Neutral	Compass Point
5/28/2024	$10.00	Neutral → Sell	Compass Point
5/11/2023		Mkt Outperform → Mkt Perform	JMP Securities
1/28/2022	$23.00	Buy	EF Hutton
8/26/2021	$24.00	Buy	Jefferies
8/11/2021	$27.00	Outperform	Cowen & Co.

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This Cannabis Lender Is Sitting On A Stack Of Capital: 100% Dividends Meet Equity-Like Returns
In a recent webinar hosted by Pablo Zuanic from Zuanic & Associates, AFC Gamma's top executives discussed the company's strategic direction, focusing on the spin-off of its commercial real estate business, the current state of its cannabis loan book, and its competitive positioning in the industry. Spin-Off Rationale And Structure Dan Neville, CEO of AFC Gamma, Inc. (NASDAQ:AFCG), detailed the strategic decision to spin off the company's commercial real estate business into a separate entity, Sunrise Realty Trust (NASDAQ:SONS). Neville explained, "We identified a void in the industry for traditional institutional lending to the cannabis sector. However, investors wanted pure-play exposure
7/20/24 12:47:20 PM ET
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Chicago Atlantic Real Estate Finance's Stock Valuation & Dividend Yield Are Leaving Competitors Behind
Chicago Atlantic Real Estate Finance (NASDAQ:REFI) stands out in the cannabis capital providers and mortgage REIT (mREIT) sectors due to its premium valuation, impressive dividend yield, and robust growth track record. Pablo Zuanic, a senior equity analyst, noted in a recent report, "Of the six publicly listed cannabis capital providers, five are NASDAQ listed, being NLCP (OTC:NLCP) the exception. However, some may not currently provide the right comp due to poor liquidity, size, and relative newness." Performance And Valuation Comparison REFI trades at a 3% premium to its book value, reflecting strong investor confidence in its growth prospects. This stands in contrast to other cannabis
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AFC Gamma Announces Special Dividend Of $0.15 For Spin-Off Of Commercial Real Estate Portfolio; Distribution Is Expected To Occur Prior To The Opening Of Trading On July 9, 2024, And Shares Of Suns Common Stock Will Begin Trading On Nasdaq Under The Symbol "SUNS"
Record Date for Distribution of Sunrise Realty Trust to be July 8, 2024Distribution Date Expected to be July 9, 2024Board of Directors Declares $0.15 per Share Spin-Off Special DividendWEST PALM BEACH, Fla., June 27, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("AFC Gamma") today announced that the previously announced spin-off of its commercial real estate portfolio is expected to be completed on July 9, 2024. The commercial real estate portfolio will spin-off into a new independent, publicly-traded REIT, Sunrise Realty Trust, Inc. ("SUNS").
6/27/24 4:37:59 PM ET
$AFCG
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Advanced Flower Capital Schedules Third Quarter 2024 Earnings Conference Call for November 13, 2024
WEST PALM BEACH, Fla., Oct. 14, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("Advanced Flower Capital" or "AFC") today announced that it plans to report earnings for the quarter ended September 30, 2024 on Wednesday, November 13, 2024. Advanced Flower Capital will host a conference call at 10:00 am Eastern Time on Wednesday, November 13, 2024 to discuss its quarterly financial results. All interested parties are welcome to participate. The call will be available through a live audio webcast at the Investor Relations section of AFC's website at http://advancedflowercapital.com/. To participate via telephone, please register in advance at this link. Upon registration, all telepho
10/14/24 8:00:00 AM ET
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AFC Gamma Provides Story of Maryland with $41 Million Senior Secured Credit Facility
WEST PALM BEACH, Fla., Oct. 07, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("Advanced Flower Capital" or "AFC") today announced that it has committed and funded $41 million to a senior secured credit facility to Story of Maryland, LLC ("Story MD"), a leading, vertically integrated operator in Maryland. Story MD intends to use the proceeds from the credit facility to refinance existing debt and provide working capital. "One of my top priorities since joining AFC has been to reinvigorate our origination engine, and I'm thrilled to announce that with this transaction, we have exceeded our 2024 goal of $100 million in new originations. This is our second transaction with Story Can
10/7/24 8:00:00 AM ET
$AFCG
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AFC Gamma Announces First Post-Spin Dividend for the Third Quarter 2024
WEST PALM BEACH, Fla., Sept. 13, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("AFC") today announced its dividend for the quarter ending September 30, 2024. The Board of Directors of AFC declared a quarterly dividend of $0.33 for the quarter ending September 30, 2024 per outstanding share of common stock, payable on October 15, 2024 to the common stockholders of record on September 30, 2024. About AFC Gamma, Inc. AFC Gamma, Inc. (NASDAQ:AFCG) is a leading commercial mortgage REIT that provides institutional loans to state law compliant cannabis operators in the U.S. Through the management team's deep network and significant credit and cannabis expertise, AFC originates,
9/13/24 8:00:00 AM ET
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AFC Gamma, Inc. Announces Appointment of Daniel Neville as New Chief Executive Officer
Brings Extensive Operational Experience and Deep Cannabis Knowledge Leonard Tannenbaum to Transition to Role of Chief Investment Officer WEST PALM BEACH, Fla., Oct. 30, 2023 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("AFC Gamma"), a commercial real estate finance company, today announced the appointment of Daniel Neville, as its new Chief Executive Officer, effective November 13, 2023. Most recently, Mr. Neville served as the Chief Financial Officer for Ascend Wellness Holdings, Inc. ("AWH"), a leading multi-state, vertically integrated cannabis operator. He succeeds Leonard Tannenbaum, who will transition from his role as Chairman of the Board and Chief Executive Officer to
10/30/23 8:30:00 AM ET
$AFCG
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AFC Gamma Appoints Jim Fagan as New Independent Director to Board of Directors
WEST PALM BEACH, Fla., June 14, 2023 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("AFC Gamma" or the "Company") today announced that the Board of Directors has appointed James C. Fagan as an independent director of the company, effective June 13, 2023. Leonard Tannenbaum, Chairman and Chief Executive Officer of AFC Gamma, stated, "We are thrilled that Jim has joined the AFC Gamma Board of Directors. Jim is a highly accomplished, expert voice in the commercial real estate industry, and his deep sector experience will be invaluable to our stakeholders. With over 40 years of experience at top names in the commercial space, we welcome Jim's insight and perspectives and look forward to
6/14/23 4:05:00 PM ET
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AFC Gamma Announces Appointment of Marnie Sudnow to its Board of Directors
WEST PALM BEACH, Fla., Feb. 03, 2022 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("AFC Gamma") today announced the nomination and appointment of Marnie Sudnow to AFC Gamma's Board of Directors. Mrs. Sudnow brings over 20 years of experience in executing digital advertising and e-commerce strategies for global retailers. In connection with the appointment of Mrs. Sudnow, the Board was expanded to eight directors, six of whom are independent. "Marnie is an accomplished business leader and her extensive experience in advertising and technology make her an ideal addition to AFC Gamma's Board. Her distinct insights into the retail landscape bring unique and valuable insight on compelling
2/3/22 8:00:00 AM ET
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Advanced Flower Capital Schedules Third Quarter 2024 Earnings Conference Call for November 13, 2024
WEST PALM BEACH, Fla., Oct. 14, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("Advanced Flower Capital" or "AFC") today announced that it plans to report earnings for the quarter ended September 30, 2024 on Wednesday, November 13, 2024. Advanced Flower Capital will host a conference call at 10:00 am Eastern Time on Wednesday, November 13, 2024 to discuss its quarterly financial results. All interested parties are welcome to participate. The call will be available through a live audio webcast at the Investor Relations section of AFC's website at http://advancedflowercapital.com/. To participate via telephone, please register in advance at this link. Upon registration, all telepho
10/14/24 8:00:00 AM ET
$AFCG
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AFC Gamma Announces First Post-Spin Dividend for the Third Quarter 2024
WEST PALM BEACH, Fla., Sept. 13, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("AFC") today announced its dividend for the quarter ending September 30, 2024. The Board of Directors of AFC declared a quarterly dividend of $0.33 for the quarter ending September 30, 2024 per outstanding share of common stock, payable on October 15, 2024 to the common stockholders of record on September 30, 2024. About AFC Gamma, Inc. AFC Gamma, Inc. (NASDAQ:AFCG) is a leading commercial mortgage REIT that provides institutional loans to state law compliant cannabis operators in the U.S. Through the management team's deep network and significant credit and cannabis expertise, AFC originates,
9/13/24 8:00:00 AM ET
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AFC Gamma, Inc. Announces Financial Results for Second Quarter 2024
Second quarter 2024 GAAP net income of $16.4 million or $0.80 per basic weighted average common share and Distributable Earnings(1) of $11.4 million or $0.56 per basic weighted average common share Paid dividend of $0.48 per common share for second quarter 2024 WEST PALM BEACH, Fla., Aug. 07, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("Advanced Flower Capital", "AFC" or the "Company") today announced its results for the second quarter ended June 30, 2024. AFC reported generally accepted accounting principles ("GAAP") net income of $16.4 million or $0.80 per basic weighted average common share and Distributable Earnings of $11.4 million or $0.56 per basic weighted average
8/7/24 9:00:00 AM ET
$AFCG
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AFC Gamma Announces Special Dividend Of $0.15 For Spin-Off Of Commercial Real Estate Portfolio; Distribution Is Expected To Occur Prior To The Opening Of Trading On July 9, 2024, And Shares Of Suns Common Stock Will Begin Trading On Nasdaq Under The Symbol "SUNS"

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$AFCG Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Tannenbaum Leonard M bought $1,066,790 worth of shares (88,835 units at $12.01), increasing direct ownership by 2% to 3,803,473 units (SEC Form 4)

Bond Jodi Hanson was granted 1,282 shares, increasing direct ownership by 11% to 13,253 units (SEC Form 4)

Levy Robert L was granted 1,282 shares, increasing direct ownership by 133% to 2,245 units (SEC Form 4)

$AFCG Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by AFC Gamma Inc.

SEC Form SC 13G filed by AFC Gamma Inc.

SEC Form SC 13G filed by AFC Gamma Inc.

$AFCG SEC Filings

SEC Form 8-K filed by AFC Gamma Inc.

AFC Gamma Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by AFC Gamma Inc.

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