Purchase Your BlueVault Research Subscription
Mar 16 2016 | by DI Wire
MacKenzie Realty Capital Inc., a non-traded business development company, made a tender offer for up to 150,000 shares of common stock in American Finance Trust Inc. for $16.00. The offer expires on April 29, 2016.
American Finance Trust, a publicly registered non-traded real estate investment trust sponsored by AR Capital and formerly known as American Realty Capital Trust V, has 33,308 holders of record owning a total of 66.5 million shares.
MacKenzie does not currently own any interest in the REIT and would pay $2.4 million if all 150,000 shares are tendered. The tender offer equals 0.23 percent of the outstanding shares.
Recent News
Best Due Diligence meeting in the industry. No sales pitches, senior level decision makers, meaningful discussions and the Broker Dealer networking sessions were especially useful. Thanks to Blue Vault for raising the bar!
