American Finance Trust, Inc. (Nasdaq: AFIN) today announced the launch of an underwritten public offering of its Series C Cumulative Redeemable Perpetual Preferred Stock, under its existing shelf registration statement. The underwriters are expected to be granted a 30-day overallotment option to purchase additional shares of Series C Preferred Stock.

The Company will apply to list the shares of Series C Preferred Stock on the Nasdaq Global Select Market.

The Company intends to use the net proceeds from this offering for general corporate purposes, which may include purchases of additional properties.

The joint bookrunning managers for this offering are BMO Capital Markets Corp., B. Riley Securities, Inc. and Truist Securities, Inc. The joint lead managers for this offering are D.A. Davidson & Co, Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc. and William Blair & Company, L.L.C. The co-managers for this offering are Boenning & Scattergood, Inc. and National Securities Corporation.

About American Finance Trust, Inc.

American Finance Trust, Inc. (Nasdaq: AFIN) is a publicly traded real estate investment trust listed on the Nasdaq focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S. Additional information about AFIN can be found on its website at www.americanfinancetrust.com.