Advanced Flower Capital shareholders approve conversion to BDC, expected Q1 2026

Advanced Flower Capital Inc.

Shareholders voted 13.2M for, 0.5M against to approve new 1940 Act-compliant investment advisory agreement.
Shareholders voted 12.9M for, 0.8M against to approve reduced asset coverage (200% to 150%) for leverage.
Conversion remains subject to Board approval; targeted completion in Q1 2026; ticker AFCG unchanged.
Chairman Leonard Tannenbaum says BDC structure allows expansion beyond real estate-backed loans.

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