We were incorporated on September 10, 2010 as a Maryland corporation and we have elected and qualified to be taxed as a REIT for our taxable year ended December 31, 2013. On August 15, 2011, we commenced our IPO on a “reasonable best efforts” basis of up to a maximum of 156.6 million shares of common stock, par value $0.01 per share, consisting of up to 101.0 million retail shares to be sold to the public through broker dealers and up to 55.6 million institutional shares to be sold through registered investment advisors and broker dealers that are managing wrap or fees-based accounts, pursuant to a registration statement on Form S-11 (File No. 333-169821) (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”). The Registration Statement also covers up to 25.0 million shares of common stock pursuant to a distribution reinvestment plan (the “DRIP”) under which common stockholders may elect to have their distributions reinvested in additional shares of common stock. The per share purchase price for common stock varies daily and is based on net asset value (“NAV”) per share. On August 11, 2014, the board of directors approved, and on August 14, 2014, we filed, a follow-on registration statement for the offering of our common stock, which, as permitted by Rule 415 of the Securities Act, provided for an automatic extension of the IPO until the earlier of February 11, 2015 or the date that the SEC declared the follow-on offering effective. On January 29, 2015, the board of directors made the determination to allow the IPO to terminate in accordance with its terms. Accordingly, the IPO terminated on February 11, 2015 and we will not seek to raise any additional capital through a follow-on offering. On January 5, 2012, we received and accepted subscriptions in excess of the minimum offering amount of $2.0 million in shares, broke escrow and issued shares of common stock to our initial investors who were admitted as stockholders. As of December 31, 2014, we had 2.5 million shares of common stock outstanding including unvested restricted shares and shares issued under the DRIP, and had received total gross proceeds, net of repurchases, from the IPO including shares issued under the DRIP of $24.7 million.
![American Realty Capital Daily Net Asset Value Trust logo](https://files.capedge.com/DEF%2014A/0001144204-12-023600/logo_arcdnavt.jpg)
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
American Realty Capital Trust II, Inc.
SEC CIK
Corporate docs
Latest filings (excl ownership)
15-15D
Suspension of duty to report
31 Mar 16
8-K
Departure of Directors or Certain Officers
6 Jan 16
8-K
Entry into a Material Definitive Agreement
4 Dec 15
8-K
Departure of Directors or Certain Officers
25 Nov 15
10-Q
2015 Q3
Quarterly report
16 Nov 15
S-3DPOS
Registration of securities, dividend or interest reinvestment plans, immediately effective (post-effective amendment)
3 Sep 15
8-K
Submission of Matters to a Vote of Security Holders
2 Sep 15
8-K/A
Other Events
13 Aug 15
10-Q
2015 Q2
Quarterly report
12 Aug 15
8-K
Other Events
7 Aug 15
Latest ownership filings
No filings