Advanced Flower Capital Inc. has successfully completed its conversion from a real estate investment trust (REIT) to a business development company (BDC) regulated under the Investment Company Act of 1940.
The conversion was effective as of January 1, 2026, expanding AFC's investment flexibility and opportunities beyond real estate-backed loans.
The completion of the conversion will enable AFC to pursue a broader universe of operating businesses, enhancing long-term shareholder value.
Conversion Completed
AFC has finalized its conversion to a BDC, marking a significant milestone for the company.
Increased Investment Flexibility
The conversion allows AFC to explore opportunities in operating businesses beyond real estate loans.
Continued Nasdaq Listing
AFC's Nasdaq listing remains unaffected, trading under the ticker symbol AFCG.
- The conversion to a BDC provides AFC with enhanced investment flexibility and the ability to pursue a wider range of opportunities.
- This strategic move is expected to lead to the creation of attractive risk-adjusted returns for AFC's shareholders in the long term.
The completion of the conversion underscores AFC's commitment to maximizing shareholder value and exploring new avenues for growth and investment in the evolving financial landscape.