other_material
confidence high
sentiment positive
materiality 0.75
FrontView REIT announces $75M convertible preferred equity investment from Maewyn Capital Partners
FrontView REIT, Inc.
- $75M delayed-draw convertible perpetual preferred at 6.75% annual dividend; conversion price $17.00 (>30% premium to recent trade).
- Maewyn receives board seat; Charles P. Fitzgerald appointed to FrontView's board.
- Proceeds to fund ~$100M of 2026 acquisitions; projected ~3% AFFO per share accretion when fully deployed.
- Company may redeem at par after 3 years; no make-whole; forced conversion after 2 years if VWAP > 17.5% above conversion price.
- Maewyn affiliate already holds 944,064 common shares (3.4% of shares outstanding).
item 7.01item 9.01