REIT CTO Realty Growth (CTO) will be selling a new preferred stock issue.
I believe this will be the 1st issuance of preferred stock by CTO who is a owner of a diversified portfolio of real estate.
All of terms will be the normal REIT terms–cumulative, non qualified and optionally redeemable in about 5 years (in 2026).
The preliminary prospectus can be read here.