secwatch.observer — SEC 8-K summary
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Issuer:     Advanced Flower Capital Inc. (AFCG)
CIK:        0001822523
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001822523-24-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AFC Gamma reports Q4 GAAP net loss of $9.2M, declares $0.48 Q1 dividend
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- Q4 2023 GAAP net loss $(9.2)M ($(0.45)/share); Distributable Earnings $10.0M ($0.49/share).
- Full year 2023 GAAP net income $21.0M ($1.02/share); Distributable Earnings $41.4M ($2.04/share).
- Board declared $0.48/share Q1 2024 dividend, payable April 15, 2024, record March 31, 2024.
- CEO states spin-off of commercial real estate portfolio complete; AFC Gamma now pure-play cannabis lender.
- 2024 Annual Shareholders Meeting set for May 23, 2024, record date March 26, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822523/000182252324000015/0001822523-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822523/000182252324000015/afcg-20240307.htm
  HTML page:      https://secwatch.observer/filing/0001822523-24-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer