MacKenzieRealty Capital Inc. announced the results of its cash to purchase up to200,000 American Finance TrustInc. common shares at $16.50 apiece.

MacKenzie accepted for payment a total of about 43,048.157shares. Upon completion of the offer, MacKenzie and its affiliates held anaggregate of approximately 69,927.667 shares, or approximately 0.107% of thetotal outstanding American Finance common shares.

American Finance's boardhad unanimously recommended that shareholders MacKenzie's tender offer becausethe offer price is 32% lower than the company's $24.17 estimated per-share NAVas of Dec. 31, 2015. It also mentioned its strategic review as a reason, among others, to rejectthe offer.