FrontView REIT raises $75M via Series A convertible preferred; appoints Charles Fitzgerald to board

FrontView REIT, Inc.

Gross proceeds of $75M from sale of 750,000 shares of Series A Convertible Preferred at $100/share to three institutional investors.
Series A Preferred carries cumulative 6.75% dividend, stepping to 8% after 4 years and up to 12% annually; convertible into common at $17/share.
Proceeds to be used for general corporate purposes, including future acquisitions.
Board expanded to 8; Charles Fitzgerald (Maewyn Capital) appointed as director, with Maewyn receiving board nomination and standstill/consent rights.
Company pays $1.5M commitment fee and up to $500K in purchaser legal fees.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

FrontView REIT, Inc. issued 750,000 shares of Series A Preferred Stock of preferred stock to Maewyn FVR II LP, Rebound Investment, LP and Petrus Special Situations Fund, L.P. for $100.00 per share for gross proceeds of approximately $75.0 million.

Security: preferred stock
Shares: 750,000 shares of Series A Preferred Stock
Purchaser: Maewyn FVR II LP, Rebound Investment, LP and Petrus Special Situations Fund, L.P.
Consideration: $100.00 per share for gross proceeds of approximately $75.0 million

Exact text from the filing

and sell to the Purchasers a total of 750,000 shares of a new series of Series A Convertible Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”) for $100.00 per share for gross proceeds of approximately $75.0 million (the “Private Placement”). The sale of Series A Preferred Stock may occur in multiple tranches. On the terms and

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FrontView REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-286433

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