Jan 29 2016 | Article by: The DI Wire
American Finance Trust Inc., a publicly registered non-traded real estate investment trust formerly known as American Realty Capital Trust V, announced its intention to reinstate its currently-suspended distribution reinvestment plan. Reinstatement is predicated upon the approval by the SEC of a pending registration statement.
As previously reported by The DI Wire, the company planned to list on the New York Stock Exchange under the symbol “AFIN” during the third quarter of 2015, but canceled the liquidity event in September.
The company’s stock was originally sold to investors at $25.00 per share, but there was concern that listing on an exchange would not yield that price, given that the FTSE NAREIT All Equity REIT index was down 6 percent for the year at September 30th.