Sunrise Realty Trust authorizes $20M buyback, contingent on closing Southern Realty Trust merger

Sunrise Realty Trust, Inc.

Board authorized repurchase of up to $20.0 million of SUNS common stock on Oct 12, 2026, running through December 31, 2027.
Program will not take effect until the merger with Southern Realty Trust Inc. (SRT) closes; no shares bought before then.
Post-close, SUNS intends to repurchase at least $10.0 million as soon as practicable; remaining $10.0 million subject to pricing parameters.
Repurchases expected via Rule 10b5-1 trading plan under Rule 10b-18 volume limits; may be modified, suspended or terminated at any time.
Additional details to be filed in an 8-K and a supplement to the definitive proxy statement for the Special Meeting on Oct 13, 2026.

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