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1.
Do you pay dividends?
2. Do
you have a dividend reinvestment program?
3. Is
there a buy back or repurchase program for Company stock?
4.
What is the difference between holding shares as a
shareholder of record
and as a beneficial owner through a broker?
5. Who
is your transfer agent?
6.
What
is a Medallion Signature Guarantee?
7.
How
do I replace a lost stock certificate?
8. How
do I make an address change if I am a shareholder of record?
9.
How do
I replace a lost dividend check?
10.
What stock market are you traded on? What is your ticker
symbol?
What is the Company’s cusip number?
11.
When is your annual shareholders’ meeting?
12. What is
your fiscal year?
13. What
is a net lease property?
14.
What is the usual term of the net lease properties?
15. What is
a "1031 exchange?"
1. Do you pay
dividends?
Yes, the Company currently pays dividends four times per
year. The Company regularly reviews its dividend policy.
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2. Do you have a dividend reinvestment program?
No, we do not have such a program.
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3. Is there a buy back or repurchase program for Company
stock?
No, we do not currently have such a program. At this time,
all purchases or sales of Company stock must be made through
your broker.
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4. What is the difference between holding shares as a
shareholder of record and as a beneficial owner through a
broker?
If your shares are registered directly in your name with our
transfer agent, Registrar and Transfer Company, you are
considered the shareholder of record for those shares. If
your shares are held in a brokerage account, you are
considered the “beneficial owner” of the shares allocated to
your individual brokerage account but held under the
brokerage firm’s name.
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5. Who is your
transfer agent?
Our transfer agent is Registrar and Transfer Company. As our
transfer agent, Registrar and Transfer Company maintains
shareholder records, including purchases, sales and account
balances, for record shareholders.
Registrar and Transfer Company can be reached at:
Registrar and Transfer Company
10 Commerce Drive
Cranford, NJ 07016-3572
1-800-866-1340
www.rtco.com
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6.
What is a Medallion Signature Guarantee?
This is required to guarantee the signature of the
registered shareholder whenever the shareholder decides to
transfer registered shares of stock. The institution
processing the transfer must have some guarantee that the
shareholder is authorized to transfer the shares of stock.
The application of a Medallion Signature Guarantee provides
the authentication of the guarantor that the endorser of the
stock certificate is the registered owner and has the legal
authority to sign the certificate. Most major banks and
brokerage firms are members of this program and serve as
guarantors. This protects the shareholder, any buyer of the
shares, the issuing company, and any transfer agent for the
issuing company.
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7.
How do I replace a lost stock certificate?
Lost stock certificates can be replaced by calling our
transfer agent, Registrar and Transfer Company at
1-800-866-1340. The transfer agent will advise you of the
necessary steps to take to obtain a replacement certificate.
You may also write to Registrar and Transfer Company and
advise them which certificates are lost, including the
certificate numbers and number of shares (if known),
registered owner’s name(s), account number or Social
Security number, and the name of the Company.
Mail your request to:
Registrar and Transfer Company
Attn: Lost Certificate Department
10 Commerce Drive
Cranford, NJ 07016-3572
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8. How do I make an address change if I am a shareholder of
record?
Contact our transfer agent, Registrar and Transfer Company.
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9.
How do I replace a lost dividend check?
All dividend checks are issued through our transfer agent,
so you should contact Registrar and Transfer Company.
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10. What stock market are you traded on? What is your ticker
symbol? What is the Company’s cusip number?
We are traded on the American Stock Exchange under the
ticker symbol, CTO. The Company’s cusip number is 210226.
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11. When is your annual shareholders’ meeting?
Our annual shareholders’ meeting is usually held in Daytona
Beach, Florida, on the last Wednesday in April. Notice of
the annual meeting is provided to shareholders with the
proxy statement.
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12. What is your
fiscal year?
Our fiscal year is based on a calendar year and ends on
December 31.
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13. What is a
net lease property?
A net lease requires the tenant of a property to bear most
of the expenses associated with ownership of the property.
These expenses usually include repairs, common area
maintenance, real estate taxes, utilities, and insurance. On
some of the net lease properties, the Company is responsible
for major structural items, such as replacement of the roof
and repaving of the parking lot. In these cases, the Company
sets up reserves. These types of leases reduce fluctuations
in operating costs. All of the Company’s income properties
are net lease and are typically triple-net or double-net
leases.
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14. What is the usual term of the net lease properties?
The Company’s net-lease properties are long-term leases,
usually 15-25 years with options to extend, with creditable
tenants; for example, tenants of our current income
properties include Walgreen, Barnes & Noble, CVS, Lowe’s,
RBC Centura Bank, and Northern Tool and Equipment.
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15. What is a
“1031 exchange?”
Section 1031 of the Internal Revenue Code generally permits
income tax deferral when investment property or property
used in a trade or business is exchanged for “like kind”
property as long as the exchange is completed within 180
days of the transfer of the exchanged property. These
exchanges are known as “like kind exchanges” or “1031
tax-free exchanges.” The primary benefit of a 1031 exchange
is the deferral of income taxes on capital gains during
ownership of the exchanged property.
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