AFC Gamma Announces Changes to Composition of Board of Directors Following Planned Spin-Off of Commercial Real Estate Portfolio

May 20, 2024

https://www.globenewswire.com/news-release/2024/05/20/2885159/0/en/AFC-Gamma-Announces-Changes-to-Composition-of-Board-of-Directors-Following-Planned-Spin-Off-of-Commercial-Real-Estate-Portfolio.html

WEST PALM BEACH, Fla., May 20, 2024 (GLOBE NEWSWIRE) — AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced the anticipated composition of the Boards of Directors for each of AFC Gamma and Sunrise Realty Trust, Inc. (“SUNS”) following the spin-off of AFC Gamma’s commercial real estate portfolio, which is currently held in its wholly-owned subsidiary, SUNS (the “Spin-Off”). The Spin-Off is expected to be completed in mid-2024, at which time SUNS will operate as a separate company that intends to elect REIT status and trade on the Nasdaq exchange.

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