Alpine Income Property Trust Launches Initial Public Offering

DAYTONA BEACH, Fla., Nov. 08, 2019 – — Alpine Income Property Trust, Inc. (the “Company” or “PINE”) announced today the launch of its initial public offering of 7,500,000 shares of common stock. The initial public offering price is expected to be between $19.00 and $21.00 per share. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock. The Company has applied to list the shares of common stock on the New York Stock Exchange under the symbol “PINE.”
Raymond James & Associates, Inc., Robert W. Baird & Co. Incorporated, B. Riley FBR, Inc. and BMO Capital Markets Corp. are acting as the joint book-running managers for the offering. Janney Montgomery Scott LLC and D.A. Davidson & Co. are acting as the co-managers for the offering.The offering of common stock is being made only by means of a preliminary prospectus dated November 7, 2019, a copy of which may be obtained through:Raymond James & Associates, Inc.
880 Carillon Parkway
St. Petersburg, FL 33716
Telephone: 800-248-8863
Robert W. Baird & Co. Incorporated
Attn: Syndicate Department
777 E. Wisconsin Avenue
Milwaukee, WI 53202
Telephone: 800-792-2413
B. Riley FBR, Inc.
1300 North 17th Street, Suite 1300
Arlington, VA 22209
Telephone: 703-312-9580
BMO Capital Markets Corp.
Attn: Syndicate Department
Times Square, 25th Floor
New York, NY 10036
Telephone: 800-414-3627
A copy of the preliminary prospectus may also be obtained free of charge from the SEC’s web site at registration statement relating to these securities has been filed with the SEC but has not been declared effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Alpine Income Property Trust, Inc.

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