CFTR-PA 8-K
Cantor Fitzgerald Income Trust, Inc. (CFTR-PA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of Registrant as Specified in Its Charter)
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| (Address of Principal Executive Offices) | (Zip Code) | |||
Registrant’s Telephone Number, Including Area Code:
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
| None | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 | Regulation FD Disclosure. December 2024 Distribution |
As authorized by the board of directors of Cantor Fitzgerald Income Trust, Inc. (the “Company”), on January 7, 2025 the Company declared the following distributions for each class of the Company’s common stock and Class I and Class T operating partnership units as rounded to the nearest four decimal place ($1.55 on an annual basis):
| Gross Distribution | ||||
| Class I Shares |
$ | 0.1313 | ||
| Class D Shares |
$ | 0.1313 | ||
| Class S Shares |
$ | 0.1313 | ||
| Class T Shares |
$ | 0.1313 | ||
| Class IX Shares |
$ | 0.1313 | ||
| Class AX Shares |
$ | 0.1313 | ||
| Class TX Shares |
$ | 0.1313 | ||
| Class I Operating Partnership Units |
$ | 0.1313 | ||
| Class T Operating Partnership Units |
$ | 0.1313 | ||
The net distributions for each class of common stock (which represents the gross distributions described above less any distribution fee for the applicable class of common stock as described in the Company’s applicable prospectus) and Class I and Class T operating partnership units are payable to stockholders of record immediately prior to the close of business on December 31, 2024 and will be paid on or about January 7, 2025. These distributions will be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan. Some or all of the cash distributions may be paid from sources other than cash flow from operations.
| Item 8.01 | Other Events |
Cantor Fitzgerald Income Trust Operating Partnership, L.P (the “OP”)., the Company’s operating partnership, received and accepted an offer by the owner of 100% of the ownership interests in CF WAG MH, LLC (“WAG MH”) to contribute its interests in WAG MH in exchange for the operating partnership units of the OPs. WAG MH owns nine freestanding retail/pharmacy properties, all of which are operated as a Walgreens pharmacy and are leased to Walgreen Co (“WAG Portfolio”). The leases on the WAG Portfolio have an expiration date of November 2036. The WAG Portfolio is encumbered by a $32.6 million loan (the “WAG Loan”) with a fixed interest rate of 4.59% with an anticipated repayment date of December 1, 2026, and final maturity date of December 1, 2031. The WAG Portfolio was acquired by the OP at a value of $50.1 million, as determined by an independent, third-party appraiser.
In connection with the same, on January 1, 2025, the OP issued 865,711 of the Class I operating partnership units in exchange for 100% of the ownership interests in WAG MH.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements that are based on the Company’s current expectations, plans, estimates, assumptions, and beliefs that involve numerous risks and uncertainties, as well as those risks set forth in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as amended or supplemented by the Company’s other filings with the Securities and Exchange Commission. Although these forward-looking statements reflect management’s belief as to future events, actual events or the Company’s investments and actual results of operations could differ materially from those expressed or implied in these forward-looking statements. To the extent that the Company’s assumptions differ from actual results, the Company’s ability to meet such forward-looking statements may be significantly hindered. You are cautioned not to place undue reliance on any forward-looking statements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CANTOR FITZGERALD INCOME TRUST, INC. | ||||
| Date: January 7, 2025 | By: | /s/ Christopher A. Milner | ||
| Name: | Christopher A. Milner | |||
| Title: | President | |||