Mergers & Acquisitions ·
SUNS stockholders approve merger with SRT; declare $0.09 stub dividend payable Nov 5
SUNSSunrise Realty Trust, Inc.
Sunrise Realty Trust, Inc. stockholders approved the issuance of approximately 8,464,955 shares in connection with its pending merger with Southern Realty Trust Inc., a key milestone toward combining the two entities into a larger commercial real estate lending platform. The Board also declared a prorated cash dividend of $0.09 per share for the stub period through the day prior to closing. This dividend is payable on November 5, 2026 to stockholders of record as of November 2, 2026. The merger is expected to close around that same date, subject to customary conditions. Sunrise Realty Trust operates in the commercial real estate lending industry.