On February 19, 2021, Katie P. Kurtz notified American Finance Trust, Inc. (the ‘Company’) of her resignation as treasurer and secretary of the Company. Ms. Kurtz stated that her resignation is not related to any disagreements or disputes with management of the Company, including the Company’s advisor, American Finance Advisors, LLC (the ‘Advisor’). The effective date of Ms. Kurtz’s resignation will be determined at a later date, but will not occur until after completing the Company’s financial reporting for the fiscal year ended December 31, 2020. Ms. Kurtz will remain in each of her positions until her resignation becomes effective. On February 22, 2021, the Company’s board of directors unanimously elected Jason Doyle as assistant secretary, effective immediately, and as treasurer and secretary of the Company, effective upon Katie P. Kurtz’s resignation. Mr. Doyle, 47, joined AR Global Investments, LLC (‘AR Global’), the parent of the Advisor, in October 2018 and has served as chief accounting officer of Global Net Lease, Inc. (‘GNL’), an entity advised by affiliates of AR Global, since that time.