 DAYTONA BEACH, Fla., June 10, 2021 GLOBE NEWSWIRE -- Alpine Income Property Trust, Inc. NYSE: PINE the Company today announced the issuance and sale of an additional 420,000 shares of the Companys common stock pursuant to the full exercise of the underwriters over-allotment option in connection with the Companys previously announced offering of common stock. After giving effect to the full exercise of the underwriters over-allotment option, the total number of shares of the Companys common stock sold in the offering was 3,220,000 shares and total gross proceeds were approximately 57.3 million. 