other material
confidence high
sentiment positive
materiality 0.65
ExchangeRight Income Fund appoints David Fisher as Exec Managing Principal; converts private offering to Rule 506(c)
ExchangeRight Income Fund
- David A. Fisher appointed Executive Managing Principal effective July 6, 2023; will serve as principal executive officer.
- Private offering of up to $2.165B converted to Rule 506(c); general solicitation allowed with accredited investor verification.
- June 2023 distribution declared at $0.1449 per share (6.27% annualized on NAV); payable July 14, 2023.
- 100% of Q2 2023 rents collected; 100% rent collection since inception.
- As of June 30, 2023: 15,580,081 shares issued for $422.9M; $1.537B remaining capacity.