CORRECTION – CTO Realty Growth Declares Dividends For the Second Quarter 2024 (Ex-Dividend Date Correction)
CTO Realty Growth (NYSE: CTO) has issued a correction regarding the ex-dividend date for its second quarter dividends in 2024. The new ex-dividend date is June 13, 2024, a change from the previously announced June 12, 2024. This correction applies to dividends on both the common stock and Series A Preferred Stock of the company. All other dividend details remain unchanged. CTO Realty Growth owns and operates retail properties in high-growth U.S. markets and has a notable stake in Alpine Income Property Trust (NYSE: PINE). Investors are encouraged to review the latest financial presentations on the company's website.
- CTO Realty Growth corrected the ex-dividend date to ensure accurate information for shareholders.
- The company maintains ownership of a portfolio of high-quality, retail-based properties in high-growth markets.
- CTO Realty Growth externally manages and owns a significant interest in Alpine Income Property Trust (PINE), enhancing its investment portfolio.
- The need for a correction in the ex-dividend date announcement may indicate issues with internal communication or data handling.
- Frequent corrections or inaccuracies can affect investor confidence and potentially impact stock performance.
WINTER PARK, Fla., May 29, 2024 (GLOBE NEWSWIRE) -- 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. Vorakoun Senior Vice President, Chief Accounting Officer and Interim Chief Financial Officer and Treasurer (386) 944-5641 lvorakoun@ctoreit.com |
FAQ
What is the new ex-dividend date for CTO's second quarter dividends in 2024?
Did CTO Realty Growth change any other dividend details for the second quarter of 2024?
What type of properties does CTO Realty Growth own and operate?
What is CTO Realty Growth's relationship with Alpine Income Property Trust?
How does CTO Realty Growth ensure accurate dividend information for shareholders?
