other material
confidence high
sentiment neutral
materiality 0.60
Cantor Fitzgerald Income Trust launches $20M preferred stock offering at 9.50%
Cantor Fitzgerald Income Trust, Inc.
- Offering 800,000 shares of 9.50% Series A Cumulative Redeemable Preferred Stock at $25.00/share; gross proceeds of $20M ($23M with over-allotment).
- Expected close on April 8, 2026; NYSE listing under symbol CFTR-PRA within 5 days of delivery.
- Affiliate to purchase 100,000 shares with no underwriting discount; 30-day over-allotment option for 120,000 additional shares.
- Proceeds to be used for asset acquisitions, refinancing debt, and general corporate purposes.