Third Party Offers to Tender Shares of American Finance Trust

Mackenzie says “You can finally get your cash out of American Finance Trust, Inc.”

According to letter dated July 25, Mackenzie Realty Capital, a non-traded business development company, has extended a third party tender offer to purchase shares of American Finance Trust.

“You can finally get your cash out of American Finance Trust, Inc. (“AFTI”) and regain control of your money. For a limited time, MacKenzie Realty Capital, Inc. will pay you $15.00 per Class A Share, $11.27 per Class B-1 Share, and $10.00 per Class B-2 Share,” according to the letter.

As we told you earlier this month,  American Finance Trust has listed half of its shares (Class A) on NASDAQ and the remaining half (Class B-1 & B-2) will be listed in three and six months, respectively. This means that only half the shares are currently tradable. You can try to sell your Class A shares now, but not the Class B-1 or Class B-2 shares.

Consequently, the Share Redemption Program has been terminated effective June 30, 2018. According to reports, the Class A Shares opened at $13.15 per Share and closed $15.00 per Share in the first day of trading.

Illiquid Investments – Secondary Market Sales

Investors looking to sell non-traded REITs, like American Finance Trust, often have difficulty finding a buyer, and can suffer significant losses on the sale.

If your financial advisor unsuitably recommended an investment in American Finance Trust, you may be able to recover your losses by filing a FINRA arbitration claim against the brokerage firm that recommended the investment.

Please call the securities attorneys of The White Law Group at (888) 637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

FINRA provides an arbitration forum for investors to resolve disputes. The White Law Group represents investors in FINRA arbitration claims throughout the country. Visit the firm’s homepage to learn more about the firm’s representation of investors.