Steadfast Apartment REIT, Inc. (OTCPK:STFR) announces a share repurchase program. Under the program, the company will repurchase its own shares. The company has set the quarterly limit of $4 million to an amount equal to 93% of the most recent publicly disclosed estimated value per share as determined by the Board. The company will continue to limit first quarter repurchases to death and disability only. The program will be open to all repurchase requests beginning in the second fiscal quarter of 2020. In case the company is unable to process all repurchases requests in any quarter, pending requests will be first honored on pro rata as to repurchases sought upon a stockholder’s death or disability, next, pro rata as to repurchases to stockholders who demonstrate, in the sole discretion of the Board, an involuntary exigent circumstance and next, pro rata as to other repurchase requests. On January 12, 2021, the company amended the share repurchase program limit repurchase requests to death and qualifying disability only and limit the amount of shares repurchased pursuant to the share repurchase plan each quarter to $3 million. The amendment will be in effect on the repurchase date at April 30, 2021, with respect to repurchases for the three months ending March 31, 2021.