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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"

Author: Benzinga Newsdesk | June 27, 2024 04:37pm

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").

Posted In: AFCG


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