AFC Gamma Announces Quarterly Dividend for the Quarter Ending September 30, 2021, Payable October 15, 2021
September 15, 2021 at 08:30 am EDT
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AFC Gamma, Inc. announced its dividend for the quarter ending September 30, 2021. The Board of Directors of AFC Gamma declared a quarterly dividend for the quarter ending September 30, 2021 of $0.43 per outstanding share of common stock, payable on October 15, 2021 to the common stockholders of record on September 30, 2021. The September quarterly dividend represents an increase of approximately 13.2% over the June quarterly dividend of $0.38.
AFC Gamma, Inc. is an institutional lender to the commercial real estate sector. The Company primarily originates, structures, underwrites, invests in and manages senior secured loans and other types of commercial real estate loans and debt securities, with a specialization in loans to cannabis industry operators in states that have legalized medical and/or adult-use cannabis. The Companyâs objective is to provide attractive risk-adjusted returns over time through cash distributions and capital appreciation primarily by providing loans to real estate developers and state-law compliant cannabis companies. The loans it originates are primarily structured as senior loans secured by real estate, equipment, value associated with licenses (where applicable) and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. The Company targets investing strategically across multiple real estate sectors.
AFC GAMMA, INC. 
