CTO Realty Growth increases authorized Series A Preferred shares by 3M to 5.98M

CTO Realty Growth, Inc.

Filed Articles Supplementary to designate 3,000,000 additional shares of 6.375% Series A Cumulative Redeemable Preferred Stock with $25.00 liquidation preference.
Total authorized Series A Preferred shares now 5,978,808 after netting 21,192 shares previously repurchased.
Effective March 28, 2024; terms identical to those in July 2021 Series A Articles Supplementary.
No immediate issuance or offering announced; purely an authorization increase.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CTO Realty Growth, Inc.: Classified and designated 3,000,000 additional shares of 6.375% Series A Cumulative Redeemable Preferred Stock (effective 2024-03-28).

Change: charter amendment
Effective: 2024-03-28

Exact text from the filing

On March 28, 2024, CTO Realty Growth, Inc. (the “Company”) filed Articles Supplementary (the “Additional Series A Articles Supplementary”) to the Company’s charter with the State Department of Assessments and Taxation of Maryland to classify and designate 3,000,000 shares of the Company’s authorized but unissued preferred stock, par value $0.01 per share, as additional shares of 6.375% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share, with a liquidation preference of $25.00 per share (the “Series A Preferred Stock”)

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CTO Realty Growth, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-043097

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