Afc gamma announces changes to composition of board of directors following planned spin-off of commercial real estate portfolio

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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