AFC Gamma confirms spin-off of commercial real estate portfolio into separate company.

From GlobeNewswire: 2024-07-08 07:00:00

AFC Gamma, Inc. confirms the spin-off of its commercial real estate portfolio into Sunrise Realty Trust, Inc. (SUNS) on July 9, 2024. Shareholders as of July 8, 2024, will receive one share of SUNS for every three shares of AFC Gamma held. The distribution is set to occur on July 9, 2024, with SUNS shares trading on Nasdaq as “SUNS.” AFC Gamma will not issue fractional shares but will provide cash instead. Trading of SUNS shares will start on July 10, 2024. AFC Gamma specializes in lending to state-law compliant cannabis operators and is based in West Palm Beach, Florida.



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