Cantor Fitzgerald Income Trust, Inc. Prices $20M Series A Preferred Stock Offering
Cantor Fitzgerald Income Trust, Inc., a Maryland-based corporation, has announced the pricing of its underwritten public offering of 800,000 shares of 9.50% Series A Cumulative Redeemable Preferred Stock. The shares are being offered at a public price of $25.00 per share, representing a significant capital-raising initiative aimed at supporting the company’s growth strategy and strengthening its financial position.
The offering is expected to generate gross proceeds of approximately $20 million for the company before accounting for underwriting discounts and other associated expenses. In addition, the company has granted the underwriters a 30-day option to purchase up to an additional 120,000 shares of Series A Preferred Stock to cover potential over-allotments. Should this option be exercised in full, the total gross proceeds from the offering could increase to approximately $23 million.
The Series A Preferred Stock carries a liquidation preference of $25.00 per share and offers investors a fixed annual dividend rate of 9.50%, making it an attractive option for income-focused investors seeking consistent returns. As cumulative preferred stock, any unpaid dividends will accrue and must be paid out before any dividends can be issued to common shareholders, adding an extra layer of security for investors.
The company expects the transaction to close on or about April 8, 2026, subject to customary closing conditions. Following the closing, the shares have been approved for listing on the New York Stock Exchange and are anticipated to begin trading on April 9, 2026 under the ticker symbol “CFTR-PRA.” This listing will provide liquidity to investors and enhance the visibility of the company within the broader capital markets.
Proceeds from the offering will play a key role in advancing the company’s strategic initiatives. Cantor Fitzgerald Income Trust Operating Partnership, L.P., the company’s operating partnership, will receive the net proceeds. The partnership intends to deploy these funds in alignment with the company’s established investment strategies and guidelines.
A primary focus of the capital deployment will be the acquisition of targeted assets that align with the company’s portfolio objectives. These acquisitions are expected to enhance the overall quality and diversification of the company’s holdings, potentially improving long-term returns and stability. In addition to acquisitions, a portion of the proceeds may be used to refinance, repurchase, or repay existing debt obligations. This includes amounts currently outstanding under the company’s credit facility, which could help reduce interest expenses and improve the company’s leverage profile.
The funds may also be allocated toward general corporate purposes, providing the company with greater financial flexibility to respond to market opportunities and operational needs. This balanced approach to capital allocation underscores the company’s commitment to disciplined financial management and sustainable growth.
The offering is being led by a group of prominent financial institutions acting as joint book-running managers. These include Cantor Fitzgerald & Co., Clear Street, A.G.P./Alliance Global Partners, Lucid Capital Markets, B. Riley Securities, Wedbush Securities, Citizens Capital Markets, Huntington Capital Markets, and Siebert. Their involvement reflects strong institutional support for the transaction and highlights the company’s access to established capital markets expertise.
It is important to note that this announcement does not constitute an offer to sell or a solicitation to buy securities in any jurisdiction where such activities would be unlawful. The offering is being conducted in compliance with applicable securities regulations, and all necessary approvals have been obtained.
A registration statement on Form S-11 relating to the offering has been filed with and declared effective by the U.S. Securities and Exchange Commission. Investors interested in participating in the offering are encouraged to review the prospectus, which contains detailed information about the company, the terms of the offering, and associated risks. Copies of the preliminary prospectus, as well as the final prospectus when available, can be accessed free of charge through the SEC’s website or by contacting the company’s representatives directly.
Overall, this offering represents a strategic move by Cantor Fitzgerald Income Trust, Inc. to secure additional capital in support of its investment objectives. By raising funds through preferred equity, the company is able to strengthen its balance sheet while maintaining flexibility in its capital structure. The combination of asset acquisition, debt management, and general corporate funding positions the company to navigate evolving market conditions and pursue long-term value creation for its stakeholders.
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