American Realty Capital Enhances Account Management Services and Client Support through Conversion to State-of-the-Art Recordkeeping Platform.BOSTON -- American Realty Capital announced today that it has completed the transition of recordkeeping for its real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) products to DST Systems, Inc., the largest, third-party mutual fund shareholder recordkeeping service in the United States. The move will provide financial advisors and investors with comprehensive investment support; including 24/7 web-based account management services and an advanced transfer agency and recordkeeping system. "This technology has been utilized by the mutual fund and variable annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. industries for some time," said Nicholas Schorsch, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Realty Capital. "We are excited to be at the forefront of bringing this advanced platform to the non-traded REIT industry and to provide our investors and financial advisors with sophisticated transfer agency capabilities and flexible access to account information." Financial advisors with clients in American Realty Capital's investment offerings will also gain access to DST (1) (DeSTination) Contrast with SRC, which is an abbreviation of "source." (2) (Digital Signal Trust Company, Salt Lake City, UT, www.digsigtrust.com) An organization that sets up and manages PKI systems for companies and industry groups. Vision[R], an account management website for independent financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. that offers a full range of functionality including customer portfolio management, electronic statements and transaction processing. "This conversion represents another industry validation of DST's new REIT processing capabilities," said Chris Shaw, operations officer at DST Systems. "We look forward to a long-standing relationship with American Realty Capital and to leveraging DST's technology, people and processes to help ARC achieve its goals." About American Realty Capital American Realty Capital is a real estate finance and investment firm founded by Nicholas S. Schorsch and William M. Kahane. Previously, as CEO and board member, respectively, the two were behind the growth of American Financial Realty Trust, where they acquired over 1,500 properties valued at more than $5 billion. In the last five years, ARC's executive team has collectively negotiated and closed on over $7 billion of net leased real estate, including bank branches. About DST Systems, Inc. DST Systems, Inc. provides sophisticated information processing and computer software products and services to support the mutual fund, investment management, insurance and healthcare industries. In addition to technology products and services, DST provides integrated print and electronic statement and billing output solutions through a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . DST's world class data centers provide technology infrastructure support for mutual fund companies around the globe. DST is headquartered in Kansas City, MO., and is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . For more information, visit www.americanrealtycap.com. This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. |
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