Diversified REIT American Finance Trust (NASDAQ:AFIN) has announced a reopening of a previous perpetual preferred offering.
The company has reopened the 7.50% perpetual. They had previously sold 1.2 million shares and it trades under the ticker AFINP. Previous to the announcement of the reopening it was trading around $26, but fell to $25.10 at todays opening.
The company has not yet announced how many more shares they will be selling.