American Finance Trust, Inc. announced that on November 20, 2015, Donald MacKinnon stepped down as Chief Executive Officer and President of American Finance Trust, Inc. Mr. MacKinnon also resigned from his roles as chief executive officer and president of the company's advisor and property manager. In connection with Mr. MacKinnon's resignation, on November 20, 2015, the company's board of directors appointed Edward M. Weil, Jr. to serve as Chief Executive Officer And President of the company, the company's advisor and the company's property manager, effective as of that same date. Also on November 20, 2015, the Board appointed Mr. Weil to serve as a Director and as Executive Chairman of the Board, effective as of that same date.

In connection with Mr. Weil's appointment as a director and as executive chairman of the Board, William M. Kahane resigned from his role as a director of the company. Mr. Kahane did not resign pursuant to any disagreement with the company. On November 20, 2015, Donald Ramon stepped down as chief financial officer, treasurer and secretary of the company by mutual agreement with the company to pursue other opportunities.

Mr. Ramon also resigned from his roles as chief financial officer, treasurer and secretary of the company's advisor and property manager. In connection with Mr. Ramon's resignation, on November 20, 2015, the Board appointed Nicholas Radesca to serve as chief financial officer, treasurer and secretary of the company, effective as of that same date. Mr. Radesca will also serve as chief financial officer, treasurer and secretary of the company's advisor and property manager.

Also on November 20, 2015, Andrew Winer stepped down as chief investment officer of the company by mutual agreement with the company to pursue other opportunities.