Alpine Income Property Trust establishes $150M at-the-market equity offering program

Alpine Income Property Trust, Inc.

New ATM program allows sale of up to $150M of common stock (PINE) via Baird, Janney, Stifel, Raymond James, BMO, B. Riley, Jefferies, JonesTrading, KeyBanc, Regions, Truist.
Prior $100M ATM program terminated on Oct 20, 2022; approximately $77.3M remained unsold.
Forward sale agreements available under the new program with Raymond James, BMO, B. Riley, Jefferies, JonesTrading, KeyBanc, Regions, Truist.
Sales agent commissions capped at 2.0% of gross sales price; forward seller commissions also not more than 2.0%.
Program effective October 21, 2022; shares offered via prospectus supplement dated same day.

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