secwatch.observer — SEC 8-K summary
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Issuer:     Advanced Flower Capital Inc. (AFCG)
CIK:        0001822523
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001822523-23-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AFC Gamma Q1 GAAP net income $10.0M ($0.49/share), declares $0.56 dividend
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- GAAP net income $10.0M ($0.49 per basic share); Distributable Earnings $11.6M ($0.57 per share).
- Declared and paid Q1 dividend of $0.56 per common share on April 14, 2023.
- Repurchased $10.0M principal of 2027 Senior Notes at 77.4% of par, recording ~$2.0M gain.
- Appointed Brandon Hetzel as CFO and Treasurer; he previously served as EVP, Controller.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822523/000182252323000013/0001822523-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822523/000182252323000013/afcg-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001822523-23-000013

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