Cantor Fitzgerald Income Trust, Inc 8-K, filed Oct 4, 2023
Cantor Fitzgerald Income Trust, Inc. (CFTR-PA)
About this 8-K
Cantor Fitzgerald Income Trust, Inc filed this 8-K on October 4, 2023, reporting on events of September 29, 2023.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 7.01 | Regulation FD Disclosure. September 2023 Distribution |
As authorized by the board of directors of Cantor Fitzgerald Income Trust, Inc. (the “Company”), on October 3, 2023 the Company declared the following distributions for each class of the Company’s common stock as rounded to the nearest four decimal place ($1.55 on an annual basis):
| Gross Distribution | ||||
Class I Shares |
$ | 0.1274 | ||
Class D Shares |
$ | 0.1274 | ||
Class S Shares |
$ | 0.1274 | ||
Class T Shares |
$ | 0.1274 | ||
Class IX Shares |
$ | 0.1274 | ||
Class AX Shares |
$ | 0.1274 | ||
Class TX Shares |
$ | 0.1274 | ||
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) are payable to stockholders of record immediately prior to the close of business on September 30, 2023 and will be paid on or about October 10, 2023. 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 |
On September 29, 2023, the Company entered into the third amendment (the “Amendment”) to Credit Agreement, by and among, the Company, Cantor Fitzgerald Income Trust Operating Partnership, LP (the “Borrower”), each of the entities identified as subsidiary guarantors, and Citizens Bank, N.A., individually as a lender and as an administrative agent for itself and other lenders (the “Lender”) dated as of July 23, 2021, as further amended as of February 2, 2022 and as of January 26, 2023 (the “Credit Facility”). The Amendment provided for an increase in the Borrower’s borrowing capacity under the Credit Facility from $100 million to $125 million and modified certain geographic concentration limits imposed by the Lender.
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, 2022, 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: October 4, 2023 | By: | /s/ Christopher A. Milner | ||||
| Name: | Christopher A. Milner | |||||
| Title: | President | |||||