Advanced Flower Capital Converts to Business Development Company

By
mg Magazine Newswire
-
Advanced Flower Capital

WEST PALM BEACH, Fla. — Advanced Flower Capital Inc. completed its previously announced conversion from a real estate investment trust (REIT) to a business development company (BDC) regulated under the Investment Company Act of 1940, as amended, effective January 1.

The completion of the Conversion expands AFC’s investment flexibility to pursue opportunities beyond real estate-backed loans, including a broader universe of operating businesses.

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There is no impact on AFC’s Nasdaq listing, and the company continues to trade under its existing ticker symbol.

Additional details regarding the Conversion and certain related matters will be included in the Company’s Form 8-K filing with the U.S. Securities and Exchange Commission.

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