RODIN INCOME TRUST, INC.: M&A transaction — Rodin Income Trust completes asset sale, plans liquidation and $22.52/share distribution by Dec 19

RODIN INCOME TRUST, INC.

Net cash proceeds from asset assignment ~$15.3M; stockholders to receive $22.52 per share on Dec 19, 2022.
Company to file articles of dissolution on/around Dec 20, 2022, after winding up affairs.
Assets assigned: mezzanine loan and preferred equity interest to Cantor Realty Fund III, L.P.
Letter cites 27.1% total return (6.0% annualized) vs. -15.43% for FTSE NAREIT Mortgage REIT Index.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

RODIN INCOME TRUST, INC. completed a disposition involving Cantor Realty Fund III, L.P. for net cash proceeds to the Company of approximately $15.3 million (closed 2022-12-12).

Action: disposition
Counterparty: Cantor Realty Fund III, L.P.
Consideration: net cash proceeds to the Company of approximately $15.3 million
Closing: 2022-12-12

Exact text from the filing

On December 12, 2022, the Company and CRF consummated the Asset Assignment, which resulted in net cash proceeds to the Company of approximately $15.3 million.

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Source: SEC EDGAR

accession 0000950170-22-026687

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