Agree Realty (ADC) Announces 6.166M Share Offering to Cohen & Steers Capital Management at $60/Sh

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Go back to Agree Realty (ADC) Announces 6.166M Share Offering to Cohen & Steers Capital Management at $60/Sh

Agree Realty Announces Forward Common Stock Offering To Cohen & Steers

April 20, 2020 6:45 AM EDT

BLOOMFIELD HILLS, Mich., April 20, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it commenced an underwritten public offering of 6,166,666 shares of its common stock in connection with the forward sale agreement described below in which the shares will be sold to Cohen & Steers Capital Management, Inc. at a price of $60.00 per share, with the forward purchaser to receive net proceeds of $59.52 per share. The closing of the offering is expected to occur on or about April 22, 2020, subject to the satisfaction of customary closing conditions.... More