Agree Realty (ADC) Announces 4.5M Share Common Stock Offering

Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it commenced an underwritten public offering of 4,500,000 shares of its common stock in connection with the forward sale agreement described below. In connection with the offering, the Company expects to grant the underwriter a 30-day option to purchase up to an additional 675,000 shares of common stock.

BofA Securities is acting as the sole book-running manager for the offering.

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