StockWatch
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Real Estate Investment Trusts
Corporate ActionApr 24, 2026, 04:23 PM

Alpine Income Property Expands Preferred Stock Offering Program

AI Summary

Alpine Income Property Trust, Inc. expanded its previously announced at-the-market preferred stock offering program on April 24, 2026. The company added Cantor Fitzgerald & Co. and Huntington Securities, Inc. as additional sales agents. This program enables the company to issue and sell up to $35,000,000 of its 8.00% Series A Cumulative Redeemable Preferred Stock, providing capital raising flexibility.

Key Highlights

  • Expanded at-the-market preferred stock offering program.
  • Added Cantor Fitzgerald & Co. and Huntington Securities as new sales agents.
  • Program allows sale of up to $35,000,000 in 8.00% Series A Preferred Stock.
  • Amended agreements with five existing sales agents.