CORRECTION – CTO Realty Growth Declares Dividends For the Second Quarter 2024 (Ex-Dividend Date Correction)
May 29 2024 - 7:30AM
CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”)
announced today a correction to the ex-dividend date previously
announced on May 28, 2024.
The ex-dividend date for the second quarter
dividends payable on the Company’s common stock and Series A
Preferred Stock has been corrected from June 12, 2024 to June 13,
2024.
All other details remain unchanged.
About CTO Realty Growth,
Inc.
CTO Realty Growth, Inc. is a publicly traded
real estate investment trust that owns and operates a portfolio of
high-quality, retail-based properties located primarily in higher
growth markets in the United States. CTO also externally manages
and owns a meaningful interest in Alpine Income Property Trust,
Inc. (NYSE: PINE), a publicly traded net lease REIT.
We encourage you to review our most recent
investor presentation and supplemental financial information, which
is available on our website at www.ctoreit.com.
Safe Harbor
Certain statements contained in this press
release (other than statements of historical fact) are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements can typically be identified by words such as “believe,”
“estimate,” “expect,” “intend,” “anticipate,” “will,” “could,”
“may,” “should,” “plan,” “potential,” “predict,” “forecast,”
“project,” and similar expressions, as well as variations or
negatives of these words.
Although forward-looking statements are made
based upon management’s present expectations and reasonable beliefs
concerning future developments and their potential effect upon the
Company, a number of factors could cause the Company’s actual
results to differ materially from those set forth in the
forward-looking statements. Such factors may include, but are not
limited to: the Company’s ability to remain qualified as a REIT;
the Company’s exposure to U.S. federal and state income tax law
changes, including changes to the REIT requirements; general
adverse economic and real estate conditions; macroeconomic and
geopolitical factors, including but not limited to inflationary
pressures, interest rate volatility, distress in the banking
sector, global supply chain disruptions, and ongoing geopolitical
war; credit risk associated with the Company investing in
structured investments; the ultimate geographic spread, severity
and duration of pandemics such as the COVID-19 Pandemic and its
variants, actions that may be taken by governmental authorities to
contain or address the impact of such pandemics, and the potential
negative impacts of such pandemics on the global economy and the
Company’s financial condition and results of operations; the
inability of major tenants to continue paying their rent or
obligations due to bankruptcy, insolvency or a general downturn in
their business; the loss or failure, or decline in the business or
assets of PINE; the completion of 1031 exchange transactions; the
availability of investment properties that meet the Company’s
investment goals and criteria; the uncertainties associated with
obtaining required governmental permits and satisfying other
closing conditions for planned acquisitions and sales; and the
uncertainties and risk factors discussed in the Company’s Annual
Report on Form 10-K for the fiscal year ended December 31, 2023 and
other risks and uncertainties discussed from time to time in the
Company’s filings with the U.S. Securities and Exchange
Commission.
There can be no assurance that future
developments will be in accordance with management’s expectations
or that the effect of future developments on the Company will be
those anticipated by management. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. The Company undertakes
no obligation to update the information contained in this press
release to reflect subsequently occurring events or
circumstances.
Contact: |
Lisa M.
VorakounSenior Vice President, Chief Accounting Officer and Interim
Chief Financial Officer and Treasurer(386)
944-5641lvorakoun@ctoreit.com |
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