secwatch.observer — SEC 8-K summary
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Issuer:     Advanced Flower Capital Inc. (AFCG)
CIK:        0001822523
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001140361-22-018395
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AFC Gamma Q1 net income $10.2M ($0.53); dividend raised 10% to $0.55/share
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- Net income $10.2M ($0.53/share); distributable earnings $11.9M ($0.62/share), up 271% YoY.
- Paid $0.55/share dividend on April 15, 10% increase; Board expects at least $0.55 for 2022.
- Book value $17.04/share (+2.6%); loan commitments $482.7M with weighted avg yield ~19%.
- Raised ~$63M in follow-on equity; entered $60M senior secured revolving credit facility.
- All loans current; $154.2M in new commitments and $131.5M funded during Q1 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822523/000114036122018395/0001140361-22-018395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822523/000114036122018395/brhc10037370_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-018395

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