other material
confidence high
sentiment neutral
materiality 0.55
CTO Realty Growth establishes new $250M common and $25M preferred ATM programs
CTO Realty Growth, Inc.
- Common ATM program allows sales of up to $250M in common stock through 13 sales agents including Janney and BMO.
- Preferred ATM program allows sales of up to $25M in 6.375% Series A Cumulative Redeemable Preferred Stock.
- Prior common ATM ($150M authorization) terminated; ~$3.6M remained unsold.
- Prior preferred ATM ($24.5M authorization) terminated; ~$24.1M remained unsold.
- Sales agent commissions capped at 2.0% of gross proceeds for both programs.