Every 424B that APNEP (APNEP) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow APNEP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full APNEP filings page.
Alpine Income Property Trust, Inc. updated its prospectus supplement to the up to $150,000,000 equity offering of Common Stock, filed under the base prospectus dated September 29, 2023. The supplement adds six new selling agents and forward counterparties and amends existing equity distribution agreements.
The supplement states that $103,531,143.15 of Common Stock aggregate offering price has been sold under the agreements and $46,468,856.85 remains available for offer and sale. The equity distribution agreements permit sales "from time to time" pursuant to separate agreements with appointed sales agents, forward sellers and forward purchasers.
Alpine Income Property Trust, Inc. updates its prospectus supplement to reflect additional sales agents and the remaining capacity under its planned offering of up to $35,000,000 aggregate offering price of 8.00% Series A Cumulative Redeemable Preferred Stock. The supplement adds Cantor Fitzgerald & Co. and Huntington Securities, Inc. as sales agents under separate equity distribution agreements and amends agreements with existing agents. Through the date of the supplement, $7,573,655.05 aggregate offering price has been sold, leaving up to $27,426,344.95 available for future offer and sale pursuant to the equity distribution agreements.
Alpine Income Property Trust, Inc. is offering up to $35,000,000 of its 8.00% Series A Cumulative Redeemable Preferred Stock through an at-the-market program on the NYSE. The preferred shares carry a $25.00 liquidation preference and pay cumulative cash dividends at an annual rate of 8.00%, or $2.00 per share, with the first dividend scheduled as a pro rata payment of $0.2722 per share on December 31, 2025.
The Series A ranks senior to common stock but junior to all debt and any future senior preferred, is generally non‑voting, and is redeemable at the company’s option on or after November 12, 2030 at $25.00 per share plus accrued dividends. A special optional redemption and a change‑of‑control conversion right may apply if control of the company changes, subject to caps and REIT ownership limits.
Net proceeds are intended to be contributed to the operating partnership for general corporate purposes, including property acquisitions, commercial loans and possible repayment of revolving and term debt. In connection with this offering, the external manager will permanently halve its base management fee rate on the incremental equity raised from 1.5% to 0.75% annually.