secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2024-09-18T23:59:59+00:00
Accession:  0001193125-24-220826
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FCPT establishes $500M ATM equity program with forward sale option
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- Entered equity distribution agreement with 11 managers to sell up to $500M of common stock.
- May enter forward sale agreements; net proceeds contributed to operating partnership for general purposes.
- Terminated prior $500M ATM program dated November 7, 2022.
- Commissions capped at 2.0% of gross sale price per share sold through agents or forward sellers.
- Sales may be made at market prices; proceeds used for general corporate purposes pending REIT qualification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000119312524220826/0001193125-24-220826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000119312524220826/d825699d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-220826

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