Sunrise Realty Trust Announces $20 Million Stock Repurchase Program
Sunrise Realty Trust's board authorized a $20 million common stock repurchase program running through December 31, 2027. The program only becomes effective upon closing of SUNS' proposed merger with Southern Realty Trust Inc., with at least $10 million intended to be repurchased as soon as practicable after closing and the remainder subject to pricing parameters.
Key figures
- Deal Value Usd
- 20000000
- Buyback authorization
- $20.0 million
- Buyback effective through
- December 31, 2027
- Intended initial repurchases
- $10.0 million
AI analysis
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