 DAYTONA BEACH, Fla., Dec. 21, 2020 GLOBE NEWSWIRE -- CTO Realty Growth, Inc. NYSE American: CTO CTO or the Company announced today that it has completed the payment of its previously announced special distribution in an aggregate amount of approximately 55.8 million the Special Distribution. The Special Distribution is intended to ensure that the Company has distributed all of its previously undistributed earnings and profits attributable to taxable periods ended on or prior to December 31, 2019, as required in connection with the Companys election to be taxable as a real estate investment trust REIT commencing with its taxable year ending December 31, 2020. 