Stockholders of Southern Realty Trust, a Tannenbaum Capital Group Affiliate, Approve Merger with Sunrise Realty Trust; Company Declares Stub Period Dividend
Key Highlights
- ➤SRT stockholders approve merger with Sunrise Realty Trust (SUNS)
- ➤SUNS stockholders approve issuing shares for the merger
- ➤SRT holders receive 1.45 SUNS shares plus $0.05 cash per share
- ➤Former SRT stockholders expected to own approximately 39% of combined company
- ➤SRT declares $0.13 stub-period dividend and approximately $0.01 special distribution
Expert Statements
Brian Sedrish, Chief Executive Officer of Southern Realty Trust
“We appreciate the support of our stockholders as we advance this strategic combination.”
Brian Sedrish, Chief Executive Officer of Southern Realty Trust
“The Merger is expected to combine two complementary lending portfolios managed under the same disciplined investment philosophy, allowing a quicker path to scale while enhancing our competitiveness and growth potential.”
Brian Sedrish, Chief Executive Officer of Southern Realty Trust
“We believe the combined company will be well positioned to continue to generate attractive risk-adjusted returns and build long-term stockholder value.”
WEST PALM BEACH, Fla., Oct. 23, 2026 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced that its stockholders approved the Company’s previously announced merger with Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS”) (the “Merger”) at the Company’s special meeting of stockholders held earlier today. SUNS stockholders also approved the issuance of SUNS common stock in connection with the Merger at SUNS’ special meeting held earlier today. The approvals represent a key milestone toward combining SRT and SUNS into a larger, more efficient Nasdaq-listed commercial real estate lending platform.
“We appreciate the support of our stockholders as we advance this strategic combination,” said Brian Sedrish, Chief Executive Officer. “The Merger is expected to combine two complementary lending portfolios managed under the same disciplined investment philosophy, allowing a quicker path to scale while enhancing our competitiveness and growth potential. We believe the combined company will be well positioned to continue to generate attractive risk-adjusted returns and build long-term stockholder value.”
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