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CTO Realty Growth to Sell New Preferred Issue

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.

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