American Finance Trust Inc.'s self-tender offer to acquire up to 1.0 million shares of its common stock at $15.45 per share expired May 31.
The single-tenant net-lease real estate investment trust said 207,713 shares were validly tendered and not validly withdrawn in response to the offer. The company will pay roughly $3.2 million to acquire the shares tendered in the offer. Such shares represent 0.2% of the company's issued and outstanding shares, as of May 31.
