04:50 PM EDT, 04/03/2024 (MT Newswires) -- CTO Realty Growth ( CTO ) said Wednesday it launched a public offering of 6.375% series A cumulative redeemable preferred shares with a $25 per share liquidation preference.

The company said it already has about 2.98 million series A preferred shares currently issued and outstanding. The new offering will be part of the same series.

CTO said it plans to use the net proceeds for general corporate and working capital purposes.

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