secwatch.observer — SEC 8-K summary
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Issuer:     Advanced Flower Capital Inc. (AFCG)
CIK:        0001822523
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001822523-23-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AFC Gamma reports Q4 GAAP net income $2.9M, declares $0.56 dividend; appoints Robyn Tannenbaum President
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- Q4 2022 GAAP net income $2.9M ($0.14 per basic share); Distributable Earnings $12.6M ($0.62 per share).
- Full year 2022 GAAP net income $35.9M ($1.80 per share); Distributable Earnings $49.9M ($2.51 per share).
- Declared Q1 2023 dividend of $0.56 per share, payable April 14, 2023 to holders of record March 31, 2023 (unchanged).
- Appointed Robyn Tannenbaum as President; she is spouse of CEO Leonard Tannenbaum; no salary increase in connection.
- Related-party transactions disclosed: Manager fees $3.4M base (net of $1.8M rebate) and $12.3M incentive for 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822523/000182252323000007/0001822523-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822523/000182252323000007/afcg-20230307.htm
  HTML page:      https://secwatch.observer/filing/0001822523-23-000007

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