Alpine Income Property prices $50M preferred stock

* Alpine Income Property Trust (PINE [https://seekingalpha.com/symbol/PINE]) priced [https://seekingalpha.com/pr/20295794-alpine-income-property-trust-announces-pricing-of-public-offering-of-8_00-percent-series-a] a public offering of 2M shares of the company’s 8.00% series A cumulative redeemable preferred stock at a public offering price of $25.00 per share.
* The prefered stock will have a $25.00 per share liquidation preference.
* PINE expects to receive gross proceeds of $50M.
* The company has granted the underwriters an option for 30 days to purchase up to an additional 300K shares.
* The offering is expected to close on November 12, 2025.
* Net proceeds will be used for general corporate and working capital purposes.

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* Alpine Income Property Trust, Inc. 2025 Q3 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4833262-alpine-income-property-trust-inc-2025-q3-results-earnings-call-presentation]
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