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Stock impact report

Advanced Flower Capital Advances Planned Conversion to BDC to Deliver Long-Term Growth and Value Creation

AFC Gamma, Inc. (AFCG) 
Company Research Source: GlobeNewswire
Board Unanimously Recommends Shareholders Vote “FOR” Each of the Proposals to Effectuate AFC’s Conversion from REIT to BDC Schedules November 6, 2025 Special Meeting WEST PALM BEACH, Fla., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Advanced Flower Capital Inc. (Nasdaq: AFCG) (“Advanced Flower Capital”, “AFC” or the “Company”) today filed a definitive proxy statement and announced a special meeting of shareholders (the “Special Meeting”) to approve certain changes to facilitate AFC’s previously announced proposed plan to convert from a real estate investment trust (“REIT”) to a business development company (“BDC”). In particular, shareholders are being asked to approve (i) a new investment advisory agreement by and between AFC and AFC Management, LLC, its investment adviser, that complies with the provisions of the Investment Company Act of 1940, as amended (the “1940 Act”) and (ii) the application of a reduced asset coverage ratio as provided in Section 61(a)(2) of the 1940 Act. The AFC Show less Read more
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