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MacKenzie Offers $16.00 Per Share of ARC’s American Finance Trust

March 18, 2016

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.

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Thomas E. Burns, III
July 29, 2015
February 22, 2016

I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.