Financing ·
CTO Realty Growth adds BofA as sales agent to $250M ATM equity program
CTOCTO Realty Growth, Inc.
CTO Realty Growth entered into an equity distribution agreement and master forward confirmation with BofA Securities, adding the bank as a sales agent, forward seller, and purchaser. This expands the company's existing at-the-market (ATM) offering program, allowing for the issuance of up to $250 million in common stock shares from time to time. The filing also includes amendments to existing distribution agreements with other financial institutions to account for BofA's participation. CTO Realty Growth is a real estate investment trust that owns and operates commercial properties.