Sunrise Realty Trust Gets ISS and Glass Lewis Support for Merger Proposal

WEST PALM BEACH, Fla., Oct. 13, 2026 /CourierPR/ -- Sunrise Realty Trust, Inc., a lender on the Tannenbaum Capital Group (TCG) Real Estate platform, has announced that two independent proxy advisory firms, ISS and Glass Lewis, have recommended that stockholders vote "FOR" both proposals at the Company’s upcoming special meeting of stockholders on October 23, 2026. The proposals concern the approval of the issuance of approximately 8,464,955 shares of SUNS common stock in connection with the Company’s proposed merger with Southern Realty Trust Inc. (SRT) and the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies in support of the Stock Issuance Proposal.

According to the release, ISS issued its recommendation on October 1, 2026, and Glass Lewis followed suit on October 6, 2026. The Company’s Board of Directors has unanimously recommended that stockholders vote in favor of these proposals. The special meeting is being held to vote on the merger, which, if completed, will bring together two key players in the Southern United States commercial real estate market.

Sunrise Realty Trust, Inc., based in the Southern United States, focuses on providing flexible financing solutions to sponsors of commercial real estate projects. The company’s primary focus is on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets predominantly located in established and rapidly expanding Southern markets.

TCG Real Estate, a group of affiliated CRE-focused debt vehicles, includes Sunrise Realty Trust, Inc., and Southern Realty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefiting from economic tailwinds with growth potential.

In a forward-looking statement, the company cautions that the proposed merger is subject to various risks and uncertainties, including the risk that the merger may not be completed on the anticipated terms or timeline, or at all. The company also notes that the failure to obtain the required approvals from stockholders or to satisfy the other closing conditions to the merger could impact the completion of the transaction.

The release also mentions that in connection with the proposed merger, Sunrise Realty Trust, Inc. filed a definitive proxy statement on Schedule 14A with the SEC on September 18, 2026. This document, along with any other relevant materials that the company may file with the SEC, will provide more detailed information about the proposed merger and related matters.

Investors and security holders are urged to read the proxy statement and other relevant documents filed with the SEC carefully and in their entirety. These documents will contain important information about the proposed merger and related matters.