Good morning. Welcome to the 2026 annual shareholders meeting of Advanced Flower Capital Inc. I am Robyn Tannenbaum, President and Chief Investment Officer of Advanced Flower Capital Inc. It is my pleasure to welcome you here today for this meeting and to introduce Brandon Hetzel, our Chief Financial Officer and Treasurer.
Thank you, Robyn, and welcome everyone. Thank you for joining us today. We're excited to be hosting our virtual meeting, which allows us to reach a greater number of our shareholders. We have shareholders attending via the web portal and the 800 number that we have provided. It is now 9:31 A.M. Eastern Time on Thursday, May 28th, 2026, and this meeting is officially called to order. Now it is my pleasure to introduce Advanced Flower Capital, Inc.'s Chief Legal Officer and Corporate Secretary, Gabriel Katz. Mr. Katz will act as Secretary of the meeting. I will turn to him to review the meeting procedures.
Thank you, Brandon. Excuse me. We are also joined here today by representatives from CohnReznick LLP, our independent auditors, and Marnie Sudnow, one of our independent board members. Further, the company has appointed me to act as Inspector of Elections, and I've taken the oath of Inspector of Election earlier today. Please note that this meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any recording device. The Board of Directors set March 30th, 2026, as the record date for determining shareholders entitled to vote at this meeting.
An affidavit has been delivered attesting to the fact that either a notice of internet availability of the notice of the meeting, the proxy statement, and the 2025 annual report to shareholders, or the documents themselves were mailed on or about April 16th, 2026, to all registered shareholders as of the record date and will be incorporated into the minutes of this meeting. The shareholder list shows that as of the record date, there were 23,528,844 shares of common stock outstanding and entitled to vote this meeting. As the Inspector of Election, I hereby confirm that there are shares of common stock representing 16,581,304 votes, or approximately 70.5% of the voting power on record date represented in person or by proxy at this meeting.
Since this represents more than a majority of the voting power of all issued and outstanding stock entitled to vote on the record date, a quorum is present for purposes of transacting business. I will present the matters to be voted upon. Proposal one is the election of directors. The proposal is to reelect Alexander Frank and Marnie Sudnow, our Class III directors, to serve in such capacity until our 2029 annual meeting of shareholders, or until their successors are duly elected and qualified. Proposal two is to ratify the appointment of CohnReznick as our independent registered public accounting firm for the year ending December 31st, 2026.
It is now 9:33 A.M. Eastern Time on May 28th, 2026, and the polls are now open. Any shareholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. Shareholders who have sent in proxies or voted via telephone or internet and do not wish to change their vote do not need to take any further action. I will now pause approximately one minute for voting. Now that everyone has had the opportunity to vote, I now declare the polls for the 2026 Annual Shareholder Meeting closed.
As the Inspector of Elections, I confirm that the preliminary advisory vote report shows that the nominees for the election of the board have been duly elected and that shareholders have ratified the appointment of CohnReznick LLP as the company's independent registered public accounting firm for the year ending December 31st, 2026. We will report the final vote result in a Form 8-K to be filed with the SEC within four business days. With that, I turn the meeting over to Robyn, our President.
Thank you, Gabe. There being no further business to come before the meeting, the 2026 Annual Meeting of Shareholders of Advanced Flower Capital Inc. is now adjourned.
This concludes today's meeting. You may now disconnect.