secwatch.observer — SEC 8-K summary
======================================

Issuer:     Advanced Flower Capital Inc. (AFCG)
CIK:        0001822523
Form:       8-K
Filed at:   2022-03-10T23:59:59+00:00
Accession:  0001140361-22-008772
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AFC Gamma reports full-year 2021 net income of $21.0M; raises quarterly dividend 10% to $0.55
--------------------------------------------------------------------------------

- Net income of $21.0M ($1.57 per basic share) and distributable earnings of $24.7M ($1.85 per share) for FY2021.
- Total loan commitments $419.2M as of Dec 31, 2021, up 288% from end of 2020; all loans current and performing.
- Board declares Q1 2022 dividend of $0.55/share (payable Apr 15, 2022), a 10% increase from prior quarter.
- Since IPO in March 2021, AFCG distributed dividends totaling $1.67 per share, yielding 8.8% on IPO price.
- Closed $341.3M of new loan commitments in 2021 and raised additional net capital of $63M via follow-on offering in Jan 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822523/000114036122008772/0001140361-22-008772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822523/000114036122008772/brhc10035018_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-008772

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer