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Agree Realty plans increase in authorized shares

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Agree Realty plans increase in authorized shares

Agree Realty Corp. is proposing to amend its charter to allow an increase in its authorized shares of common stock.

The board's proposal to double the number of common shares that the retail real estate investment trust is authorized to issue to 90.0 million shares will be put to a vote at the company's annual meeting of stockholders on April 25.