Agree Realty enters $1B ATM equity distribution agreement, terminates prior program

AGREE REALTY CORP

Up to $1B in aggregate offering price of common stock may be sold through 15 sales agents and forward purchasers.
Company may also enter into forward sale agreements; proceeds received upon physical settlement.
Commissions up to 2.0% of gross sales price for sales agents and forward sellers.
Prior ATM program from September 2022 simultaneously terminated.
Shares will be issued under existing shelf registration statement (File No. 333-271668).

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