other material
confidence high
sentiment neutral
materiality 0.55
CTO Realty Growth launches $24.5M ATM program for 6.375% Series A Preferred Stock
CTO Realty Growth, Inc.
- Up to $24.5M aggregate gross sales price of 6.375% Series A Cumulative Redeemable Preferred Stock ($25/sh liquidation preference).
- Shares sold at market via ordinary brokers on NYSE or through market makers at prevailing prices.
- Eight sales agents include BMO, B. Riley, Baird, Janney, Jefferies, JonesTrading, Raymond James, and Truist.
- Commission to sales agents capped at 2.0% of gross sales price of shares sold under each agreement.