Sunrise Realty Trust shareholders approve share issuance for Southern Realty Trust merger
SUNS•Sunrise Realty Trust shareholders approved issuing approximately 8,464,955 common shares for its merger with Southern Realty Trust. Closing is expected November 5, 2026, subject to customary conditions; the combined company will retain the SUNS ticker.
1. Share issuance approved
Approximately 91.6% of votes cast supported the issuance, with 59.5% of outstanding shares represented. Southern Realty Trust stockholders also approved the merger.
2. Closing and dividend
Southern Realty Trust will merge into a wholly owned subsidiary of Sunrise Realty Trust, with closing expected November 5, 2026, subject to remaining customary closing conditions. A prorated fourth-quarter dividend of $0.09 per common share is payable November 5 to holders of record November 2, 2026.
