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
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Emerging growth company
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| Item 7.01 | Regulation FD Disclosure. November 2024 Distribution |
As authorized by the board of directors of Cantor Fitzgerald Income Trust, Inc. (the “Company”), on December 9, 2024 the Company declared the following distributions for each class of the Company’s common stock and Class I operating partnership units as rounded to the nearest four decimal place ($1.55 on an annual basis):
| Gross Distribution | ||||
| Class I Shares |
$ | 0.1270 | ||
| Class D Shares |
$ | 0.1270 | ||
| Class S Shares |
$ | 0.1270 | ||
| Class T Shares |
$ | 0.1270 | ||
| Class IX Shares |
$ | 0.1270 | ||
| Class AX Shares |
$ | 0.1270 | ||
| Class TX Shares |
$ | 0.1270 | ||
| Class I Operating Partnership Units |
$ | 0.1270 | ||
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 operating partnership units are payable to stockholders of record immediately prior to the close of business on November 30, 2024 and will be paid on or about December 9, 2024. 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 |
Exercise of the Fair Market Value Option
On October 25, 2024, Cantor Fitzgerald Income Trust Operating Partnership, L.P., the Company’s operating partnership, provided notice of its election to exercise its fair market value option of CF Summerfield Multifamily DST (the “Summerfield DST”) to acquire the remaining 75% of the outstanding equity interests in the Summerfield DST in exchange for operating partnership units and cash. The Summerfield DST owns a multifamily residential property located in Landover, MD (“Summerfield Property”).
In connection with the same, on December 1, 2024, the operating partnership issued 792,073 of the Class I operating partnership units, 580,787 of the Class T operating partnership units and $2,090,808 in cash in exchange for 75% of the outstanding equity interests of the Summerfield DST.
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: December 10, 2024 | By: | /s/ Christopher A. Milner | ||||
| Name: | Christopher A. Milner | |||||
| Title: | President | |||||