secwatch.observer — SEC 8-K summary
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Issuer:     Advanced Flower Capital Inc. (AFCG)
CIK:        0001822523
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001822523-23-000019
Event type: dividend
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AFC Gamma declares $0.48 dividend, authorizes $20M buyback, updates loan portfolio
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- Dividend of $0.48/share for Q ending June 30, 2023; payable July 14 to record June 30; annual run rate $1.92.
- Board authorized $20M share repurchase program through Dec 31, 2025; executives bought ~$2.9M stock since early 2023.
- Sold two-thirds of Private Company I credit facility (Category 4, in foreclosure) at par plus accrued interest to a multi-state operator.
- Received ~$5.9M paydown on Private Company A from sale of Maryland assets; full repayment on Sub. of Private Company H at maturity.
- Private Company G borrower paid 60% of June interest in cash; rest on payment plan; loan still considered risky and monitored.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822523/000182252323000019/0001822523-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822523/000182252323000019/afcg-20230613.htm
  HTML page:      https://secwatch.observer/filing/0001822523-23-000019

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