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Blue Vault Expands Coverage of Nontraded LLCs

Blue Vault Expands Coverage of Nontraded LLCs   To access the individual performance pages, log in, hover over “Subscriber-Only Research“, and then click “OTHER DIRECT PARTICIPATION PROGRAMS” from the menu located at the top the...

Which previously nontraded REIT completed its full liquidity event when its last tranche of common shares were converted to listed shares on January 9, 2019?

American Finance Trust, Inc. (“AFIN”) announced on December 20, 2018, that all issued and outstanding shares of its Class B-2 common stock would automatically convert into shares of its Class A common stock on January 9, 2019.  Class A shares trade on the Nasdaq under the ticker symbol AFIN.  The Class B-2 shares represent approximately 25% of AFIN’s total outstanding shares. As of the conversion date, 100% of AFIN’s common shares became tradeable, completing its full liquidity event.

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