South Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Distribution Date Expected to be July 9, 2024WEST PALM BEACH, Fla., June 27, 2024 — AFC Gamma, Inc. 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. .
Holders of AFC Gamma common stock as of the close of business on July 8, 2024 will be entitled to receive one share of new SUNS common stock for every three shares of AFCG common stock held. The 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”. AFC Gamma will not issue fractional shares of its common stock in the distribution.
In connection with the spin-off, the Board of Directors of AFC Gamma declared a special dividend of $0.15 per outstanding share of AFC Gamma common stock, payable on July 15, 2024 to AFC Gamma common stockholders of record as of the close of business on July 8, 2024.AFC Gamma, Inc. is a publicly-traded, institutional lender that originates, structures and underwrites loans secured by commercial real estate and other types of financing solutions.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zimbabwe/South Africa: Warriors Arrive in South Africa Ahead of World Cup Qualifiers Double HeaderZimbabwe senior men's national football team on Sunday afternoon arrived in South Africa ahead of two Confederation of African Football (CAF) World Cup Qualifier ties against Lesotho and South Africa, respectively.
Read more »
South Africa: Black Voters in South Africa's Western Cape Keep Quiet About Support for OppositionThe run-up to South Africa's general elections Wednesday has been mostly peaceful but not without incident. In Western Cape province, the opposition Democratic Alliance, or DA, accused rival parties of trying to intimidate voters in February by chanting violent slogans and brandishing weapons at voter registration locations.
Read more »
South Africa: New Report Details Russia's Online Meddling in South AfricaThree prominent X (formerly known as Twitter) accounts are acting as bridges between an online Russian community and South African communities engaged in regular discussions of political and social issues.
Read more »
Nigeria/South Africa: Super Eagles Under Pressure to Beat South Africa, Benin Republic, Says NdidiAhead of Nigeria's double-headed 2026 World Cup qualifying matches against South Africa and Benin Republic, slated for the Godswill Akpabio Stadium, Uyo and the Stade Felix Houphouet-Boigny Stadium, Abidjan respectively, Super Eagles stand-in Captain, Wilfred Ndidi, has admitted that the three-time African champions are under pressure to win the...
Read more »
South Africa: It's Now Time for South Africa to Take Zuma's Mk Party SeriouslyAnalysis - At time of writing it is simply too early for concrete election predictions, but one outcome emerging pretty clearly is that Jacob Zuma's MK party is a political player that cannot be ignored.
Read more »
South Africa: EFFL Political Leader Gonquoi Joins Malema Campaign in South Africa, Undergoes Global LeaderThe Commander-in-Chief of the African Political movement, Economic Freedom Fighters Liberia's chapter has joined his global leader Julius Malema in a political crusade geared at ensuring the institution governs South Africa's national leadership.
Read more »