# Proxy Advisory Firms Back Sunrise Realty Trust Merger Proposals Ahead of Vote

- URL: https://stocks.freetheai.org/news/proxy-advisory-firms-back-sunrise-realty-trust-merger-proposals-ahead-of-vote-ea45d9
- Published: 2026-10-13T12:02:00Z
- Category: mergers; sentiment: bullish; impact: medium
- Symbols: [NASDAQ:SUNS](https://stocks.freetheai.org/symbols/NASDAQ-SUNS)
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Sunrise Realty Trust, Inc. (SUNS) secured endorsements from independent proxy advisory firms Institutional Shareholder Services Inc. and Glass, Lewis and Co., LLC for its upcoming merger-related vote. Both proxy advisors recommended that stockholders approve the issuance of roughly 8.46 million common shares to combine with private mortgage REIT Southern Realty Trust Inc.

The backing from major advisory groups reinforces the board's recommendation and provides institutional momentum ahead of the transaction. Issuing the new shares is required to finalize the combination between the two commercial real estate financing entities under the TCG Real Estate platform. Shares of Sunrise Realty Trust were trading at 5.79 USD, down 1.03% on the day.

Stockholders are scheduled to vote on the stock issuance and a potential meeting adjournment proposal during a special meeting on October 23, 2026. Closing the transaction remains subject to approval by stockholders of both companies and other customary closing conditions.

## Key points

- Proxy firms ISS and Glass Lewis recommended stockholders vote FOR Sunrise Realty Trust's merger proposals.
- The proposals include issuing approximately 8.46 million common shares to merge with Southern Realty Trust Inc.
- ISS issued its recommendation on October 1, 2026, and Glass Lewis released its support on October 6, 2026.
- Sunrise Realty Trust's board of directors unanimously recommends voting in favor of both proposals.
- A special stockholder meeting to vote on the proposals is scheduled for October 23, 2026.

## Questions and answers

### What did ISS and Glass Lewis recommend for Sunrise Realty Trust?

Both proxy advisory firms recommended stockholders vote in favor of issuing stock for the merger with Southern Realty Trust Inc. and approving any necessary meeting adjournment.

### When is the Sunrise Realty Trust special stockholder meeting?

The special meeting of stockholders is scheduled for October 23, 2026.

### How many shares will Sunrise Realty Trust issue for the merger?

Sunrise Realty Trust plans to issue approximately 8,464,955 common shares in connection with the transaction.