Alpine Income sets up $150 million common stock sales program and $35 million preferred
Alpine Income Property Trust filed agreements for at-the-market programs allowing it to sell up to $150 million of common stock and up to $35 million of Series A Preferred Stock, with sales made from time to time at prevailing market prices. The company also terminated its prior $35 million preferred program, under which about $22.7 million remained unsold, and its manager agreed to waive part of the base fee on equity raised from the preferred offering.
Key points
- Common stock program: up to $150 million gross sales price, with sales agents including Raymond James, Baird, Stifel and UBS, and optional forward sale agreements.
- Preferred program: up to $35 million of Series A Preferred Stock, replacing the December 2025 program, which had about $22.7 million unsold when terminated.
- Sales agents receive commissions of up to 2.0% of gross sales price for shares they sell.
- Manager waived part of the base fee on the added equity, so the rate on that portion is 0.75% per year instead of 1.50%; 189,747 more Series A Preferred shares were authorized, bringing the total to 3,948,081.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.