Alpine Income Property Trust Cuts Management Fee on Preferred Stock Proceeds to 0.75%
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Alpine Income Property Trust Inc. has amended its management agreement to reduce the management fee on proceeds from its Series A Preferred Stock offering from 1.50% to 0.75% per annum. This change aims to align management fees with the new capital raised through the issuance. The adjustment follows the completion of the offering and reflects a strategic move to optimize costs associated with the new equity.
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