Creative Media & Community Trust Corp (OQ:CMCT)
Business Focus: N/A
Apr 08, 2024 04:05 pm ET
CMCT Declares Preferred Stock Dividends
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock for the second quarter of 2024.
Mar 27, 2024 07:20 pm ET
Creative Media & Community Trust Corporation Reports 2023 Fourth Quarter Results
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) (“we”, “our”, “CMCT”, or the “Company”), today reported operating results for the three months and year ended December 31, 2023.
Mar 27, 2024 04:32 pm ET
CMCT Declares Common Stock Dividend
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on April 22, 2024 to stockholders of record at the close of business on April 8, 2024.
Mar 26, 2024 02:10 pm ET
Creative Media & Community Trust Announces Date for Its Fourth Quarter 2023 Earnings Release and Conference Call
Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT) (“CMCT”) announced today that it will report its fourth quarter 2023 earnings results after the market close on Wednesday, March 27, 2024.
Jan 02, 2024 08:00 am ET
CMCT Declares Preferred Stock Dividends
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.
Dec 20, 2023 06:00 pm ET
CMCT Declares Common Stock Dividend
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on January 16, 2024 to stockholders of record at the close of business on January 2, 2024.
Nov 14, 2023 04:15 pm ET
Creative Media & Community Trust Corporation Reports 2023 Third Quarter Results
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) (“we”, “our”, “CMCT”, or the “Company”), today reported operating results for the three and nine months ended September 30, 2023.
Nov 13, 2023 08:00 am ET
Creative Media & Community Trust Announces Date for Its Third Quarter 2023 Earnings Release and Conference Call
Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT) (“CMCT”) announced today that it will report its third quarter 2023 earnings results after the market close on Tuesday, November 14, 2023.
Oct 13, 2023 07:30 am ET
CMCT Declares Preferred Stock Dividends
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.
Sep 27, 2023 07:11 pm ET
CMCT Declares Common Stock Dividend
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on October 23, 2023 to stockholders of record at the close of business on October 9, 2023.
Aug 10, 2023 07:30 am ET
Creative Media & Community Trust Corporation Reports 2023 Second Quarter Results
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) (“we”, “our”, “CMCT”, or the “Company”), today reported operating results for the three and six months ended June 30, 2023.
Aug 04, 2023 08:00 am ET
Creative Media & Community Trust Announces Date for Its Second Quarter 2023 Earnings Release and Conference Call
Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT) (“CMCT”) announced today that it will report its second quarter 2023 earnings results on Thursday, August 10, 2023.
Jul 12, 2023 06:43 pm ET
CMCT Declares Preferred Stock Dividends
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.
Jun 27, 2023 06:00 pm ET
CMCT Declares Common Stock Dividend
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on July 24, 2023 to stockholders of record at the close of business on July 10, 2023.
May 02, 2023 05:59 am ET
Creative Media & Community Trust Corporation Reports 2023 First Quarter Results
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) (“we”, “our”, “CMCT”, or the “Company”), today reported operating results for the three months ended March 31, 2023.
Apr 28, 2023 04:15 pm ET
Creative Media & Community Trust Announces Date for Its First Quarter 2023 Earnings Release and Conference Call
Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT) (“CMCT”) announced today that it will issue a press release announcing its first quarter 2023 earnings results on Tuesday, May 2, 2023.
Apr 04, 2023 08:00 am ET
CMCT Declares Preferred Stock Dividends
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.
Mar 31, 2023 08:00 am ET
Creative Media & Community Trust Corporation Reports 2022 Fourth Quarter Results
Creative Media & Community Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we,” “our,” “CMCT,” or the “Company”) today reported operating results for the three months and year ended December 31, 2022.
Mar 28, 2023 04:15 pm ET
Creative Media & Community Trust Announces Date for Its Fourth Quarter 2022 Earnings Release and Conference Call
Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT) (“CMCT”) announced today that it will issue a press release announcing its fourth quarter 2022 earnings results on Friday, March 31, 2023.
Mar 20, 2023 04:05 pm ET
CMCT Declares Common Stock Dividend
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on April 11, 2023 to stockholders of record at the close of business on March 30, 2023.
Mar 20, 2023 08:00 am ET
CMCT Names Shaul Kuba Chief Investment Officer
CMCT (NASDAQ & TASE: CMCT) announced today the appointment of Shaul Kuba as Chief Investment Officer. Mr. Kuba will direct the continued expansion of CMCT’s portfolio of highly amenitized, premier multifamily and creative office assets in dynamic, high barrier to entry markets.
Mar 07, 2023 08:00 am ET
CMCT, Kanden Realty and Taisei Corporation to Convert Prominently Located Los Angeles Office Building into Luxury Multifamily
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that it has partnered with Kanden Realty, Taisei Corporation and a third international institutional investor to convert 4750 Wilshire Boulevard, a three-story office building in the prominent Hancock Park neighborhood of Los Angeles, into a mix of office space and luxury apartments. The upper two floors of the building will be converted into 68 luxury apartments, while approximately 30,000 square feet of 100% leased ground floor office will remain in place.
Feb 03, 2023 05:50 am ET
CMCT Executing on Strategy to Grow Multifamily Portfolio with Acquisition of Three Multifamily Assets
CMCT (NASDAQ:CMCT and TASE:CMCT-L) announced today that it is expanding its multifamily portfolio with the planned addition of 696 apartment units across three assets. The acquisitions advance CMCT’s strategy to focus the portfolio on highly amenitized premier multifamily and creative office assets in dynamic, high barrier to entry markets.
Jan 12, 2023 08:00 am ET
CMCT Declares Preferred Stock Dividends
CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.
Jan 09, 2023 04:03 pm ET
CMCT’s Redemption of its Series L Preferred Stock
CMCT (NASDAQ: CMCT and TASE: CMCT-L) Creative Media & Community Trust Corporation (“CMCT”) previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the “Redemption Price”). There are 2,951,876 shares of Series L Preferred Stock outstanding as of the date hereof.
Dec 23, 2022 08:30 am ET
CMCT Announces Redemption in Full of Series L Preferred Stock
Creative Media & Community Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) announced today that, pursuant to the terms and conditions of its Series L Preferred Stock, it will redeem in cash all outstanding shares of its 5.5% Series L Preferred Stock at a redemption price equal to 100% of the Series L Stated Value ($28.37 per share), plus any accrued and unpaid dividends through December 31, 2022. The redemption date will be January 25, 2023, the date previously announced as the dividend payment date for the 2022 annual dividend on the Series L Preferred Stock.
Dec 19, 2022 08:30 am ET
CMCT Announces Closing of New Credit Facility
CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that it has entered into a new $206 million secured credit facility. The new facility matures in December 2025 with two one-year extension options and replaces the company's prior credit facility that was set to mature in October 2023.
Dec 15, 2022 06:00 pm ET
CMCT Declares Common and Series L Preferred Stock Dividends
CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on January 9, 2023 to stockholders of record at the close of business on December 27, 2022.
Nov 22, 2022 08:00 am ET
CMCT names John Hope Bryant to its Board of Directors
Creative Media & Community Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) announced today that John Hope Bryant has been appointed to its Board of Directors.
Nov 14, 2022 04:55 pm ET
Creative Media & Community Trust Corporation Reports 2022 Third Quarter Results
Creative Media & Community Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our”, “CMCT”, or the “Company”) today reported operating results for the three and nine months ended September 30, 2022.
Nov 11, 2022 08:00 am ET
Creative Media & Community Trust Announces Date for Its Third Quarter 2022 Earnings Release and Conference Call
Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT-L) (“CMCT”) announced today that it will issue a press release announcing its third quarter 2022 earnings results after market hours on Monday, November 14, 2022.
Sep 22, 2022 08:00 am ET
CMCT Declares Common and Preferred Stock Dividends
CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on October 17, 2022 to stockholders of record at the close of business on October 3, 2022.
Sep 20, 2022 02:45 pm ET
Sidoti's September Small-Cap Virtual Conference
NEW YORK, NY / ACCESSWIRE / September 20, 2022 / Sidoti & Company, LLC has released the presentation schedule and weblinks for its two-day September Small-Cap Conference taking place Wednesday and Thursday, September 21-22, 2022. The links can also be found at www.sidoticonference.com/events.
Aug 15, 2022 08:00 am ET
CMCT Announces 9460 Wilshire as New Flagship Rolls-Royce Motor Cars Showroom for Luxury and Exotic Car Dealer O’Gara Coach
Creative Media & Community Trust (“CMCT”) (NASDAQ: CMCT and TASE: CMCT-L) announced today that it has signed a long-term lease with O’Gara Coach for the approximately 18,000-square-foot ground-floor retail space at the 9460 Wilshire Blvd. office building in Beverly Hills. The location will serve as a Beverly Hills flagship showroom for Rolls-Royce Motor Cars.
Aug 09, 2022 08:00 am ET
Creative Media & Community Trust Corporation Reports 2022 Second Quarter Results
Creative Media & Community Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our”, “CMCT”, or the “Company”), today reported operating results for the three and six months ended June 30, 2022.
Aug 05, 2022 08:00 am ET
Creative Media & Community Trust Announces Date for Its Second Quarter 2022 Earnings Release and Conference Call
Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT-L) (“CMCT”) announced today that it will issue a press release announcing its second quarter 2022 earnings results on Tuesday, August 9, 2022.
Jun 10, 2022 08:00 am ET
CMCT Declares Common and Preferred Stock Dividends
CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on July 5, 2022 to stockholders of record at the close of business on June 20, 2022.
May 24, 2022 08:00 am ET
Creative Media & Community Trust Announces $10 Million Share Repurchase Program
Creative Media & Community Trust Corporation (NASDAQ: CMCT) (TASE: CMCT-L) (“CMCT”) today announced that its Board of Directors authorized a repurchase program of up to $10 million of the Company’s common stock.
May 10, 2022 04:01 pm ET
Creative Media & Community Trust Corporation Reports 2022 First Quarter Results
Creative Media & Community Trust Corporation (formerly known as CIM Commercial Trust Corporation) (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our”, “CMCT”, or the “Company”), a real estate investment trust (“REIT”) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), today reported operating results for the three months ended March 31, 2022.
May 10, 2022 07:00 am ET
Sidoti May Virtual Micro Cap Investor Conference
NEW YORK, NY / ACCESSWIRE / May 10, 2022 / Sidoti & Company, LLC has released the presentation schedule and weblinks for its two-day May Micro Cap Virtual Conference taking place Wednesday and Thursday, May 11th-12th, 2022. The links can also be found at www.sidoticonference.com/events.
May 09, 2022 08:00 am ET
Creative Media & Community Trust Announces Date for Its First Quarter 2022 Earnings Release and Conference Call
Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT-L) (“CMCT”) announced today that it will issue a press release announcing its first quarter 2022 earnings results on Wednesday, May 11, 2022.
Apr 07, 2022 12:30 pm ET
CMCT Acquires Parcel for Apartment Development in Los Angeles’ Jefferson Park Neighborhood
CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that it has acquired 3101 S. Western Ave., a 0.26-acre parcel in Los Angeles’ Jefferson Park submarket, for $2.3 million.
Mar 22, 2022 09:50 am ET
Sidoti March Virtual Small Cap Investor Conference
NEW YORK, NY / ACCESSWIRE / March 22, 2022 / Sidoti & Company, LLC has released the presentation schedule and weblinks for its two-day March Small Cap Virtual Conference taking place Wednesday and Thursday, March 23rd-24th, 2022. The links can also be found at www.sidoticonference.com/events.
Mar 21, 2022 08:30 am ET
Creative Media & Community Trust to Present at Sidoti Virtual Investor Conference
Creative Media & Community Trust Corporation ("CMCT”) (NASDAQ : CMCT and TASE: CMCT-L) announced its participation in the Sidoti Spring 2022 Small Cap Virtual Conference on March 23 and March 24, 2022.
Mar 16, 2022 08:15 am ET
Creative Media & Community Trust Corporation Reports 2021 Fourth Quarter Results
Creative Media & Community Trust Corporation (formerly known as CIM Commercial Trust Corporation) (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our”, “CMCT”, or the “Company”), a real estate investment trust (“REIT”) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), today reported operating results for the three months and year ended December 31, 2021.
Mar 14, 2022 04:15 pm ET
Creative Media & Community Trust Announces Date for Its Fourth Quarter 2021 Earnings Release and Conference Call
Creative Media & Community Trust Corporation (NASDAQ: CMCT; TASE: CMCT-L) (“CMCT”) announced today that it will issue a press release announcing its fourth quarter 2021 earnings results on Wednesday, March 16, 2022.
Mar 10, 2022 08:30 am ET
CMCT Highlights Focus on Creative Office and Premier Multifamily Properties with Name Change to Creative Media & Community Trust Corporation
Creative Media & Community Trust Corporation ("CMCT”') (NASDAQ : CMCT and TASE: CMCT-L), formerly known as CIM Commercial Trust Corporation, announced today the Company's new name.
Mar 08, 2022 08:30 am ET
CMCT Increases Common Stock Dividend
CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock, an approximate 13% increase from the prior quarter. This dividend represents a 4.6% annualized yield utilizing the March 7 closing price. The dividend will be paid on April 1, 2022 to stockholders of record at the close of business on March 19, 2022.
Feb 22, 2022 08:30 am ET
CMCT Invests in Echo Park, Los Angeles
CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that it, along with a co-investor, has made a $51 million investment in 1910 W. Sunset Blvd., and will transform the approximately 99,000-square-foot building into the preeminent creative office property in the Echo Park neighborhood of Los Angeles. CMCT will own approximately 44% of the property.
Feb 14, 2022 08:30 am ET
CMCT Signs Long-Term Lease with Internationally Renowned Lisson Gallery for First Los Angeles Location
CIM Commercial Trust Corporation (“CMCT”) (NASDAQ: CMCT and TASE: CMCT-L) announced today that it has signed a long-term lease with Lisson Gallery for the entire approximately 5,000-square-foot building at 1037 N. Sycamore Ave. in Los Angeles.
Jan 24, 2022 08:30 am ET
CMCT Announces Penn Field, a 228,000-Square-Foot Creative Office Campus in Austin, Expected to Reach 99 Percent Leased
CIM Commercial Trust Corporation ("CMCT”) (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Penn Field property located at 3601 South Congress Avenue in Austin, Texas is now approximately 97% leased, up from approximately 85% in third quarter of 2021. In the fourth quarter 2021, three leases were executed at Penn Field including a 10-year, 20,532-square-foot lease with a premier technology company. Subsequent to signing this lease, this technology company exercised its right to take additional space that would increase the property to 99% leased.
Jan 05, 2022 08:00 am ET
CIM Commercial Trust Announces Significant Reduction in Management Fee
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT‑L) (“we”, “our”, “CMCT”, “CIM Commercial”, or the “Company”) announced that CIM Group, the manager to CMCT, has agreed to a fee waiver that is expected to reduce CMCT’s management fee by approximately 55%, resulting in $0.21 per share of annualized cost savings. The agreement is effective January 1, 2022.
Dec 09, 2021 07:30 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on January 5, 2022 to stockholders of record at the close of business on December 20, 2021.
Nov 09, 2021 04:05 pm ET
CIM Commercial Trust Corporation Reports 2021 Third Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our”, “CMCT”, “CIM Commercial”, or the “Company”), a real estate investment trust (“REIT”), today reported operating results for the three and nine months ended September 30, 2021.
Sep 07, 2021 05:00 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on September 29, 2021 to stockholders of record at the close of business on September 17, 2021.
Aug 09, 2021 06:12 pm ET
CIM Commercial Trust Corporation Reports 2021 Second Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our”, “CMCT”, “CIM Commercial”, or the “Company”), a real estate investment trust (“REIT”), today reported operating results for the three and six months ended June 30, 2021.
Jun 25, 2021 08:30 am ET
CIM Commercial Trust Corporation Raises $78.8 million in Rights Offering
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT‑L) (“we”, “our”, “CMCT”, “CIM Commercial”, or the “Company”) announced the final results of its rights offering, which expired at 4:00 p.m., New York Time, on June 23, 2021.
Jun 21, 2021 07:00 am ET
CIM Commercial Trust Announces that its Operator and Manager, Subsidiaries of CIM Group, Intend to Subscribe for an Aggregate of up to Approximately Six Million Shares in the Rights Offering
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT‑L) (“we”, “our”, “CMCT”, “CIM Commercial”, or the “Company”) announced today that subsidiaries of CIM Group have advised CMCT that, in addition to subscribing for approximately three million shares in CMCT’s previously announced rights offering, they intend to subscribe for up to an additional three million shares in the over-subscription. If allotted, this will bring subsidiaries of CIM Group’s participation in the rights offering from approximately three million shares to up to approximately six million shares.
Jun 20, 2021 02:25 am ET
CIM Commercial Trust Announces that its Operator and Manager, Subsidiaries of CIM Group, Intend to Subscribe for an Aggregate of up to Approximately Six Million Shares in the Rights Offering
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT‑L) (“we”, “our”, “CMCT”, “CIM Commercial”, or the “Company”) announced today that subsidiaries of CIM Group have advised CMCT that, in addition to subscribing for approximately three million shares in CMCT’s previously announced rights offering, they intend to subscribe for up to an additional three million shares in the over-subscription. If allotted, this will bring subsidiaries of CIM Group’s participation in the rights offering from approximately three million shares to up to approximately six million shares.
Jun 15, 2021 08:51 am ET
CIM Commercial Trust Reaffirms its Previously Announced Rights Offering to Expire on June 23
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT‑L) (“we”, “our”, “CMCT”, “CIM Commercial”, or the “Company”) reaffirmed today that its rights offering is proceeding as previously announced. The subscription period for the rights offering is open and will expire at 4:00 pm New York time on June 23, 2021 (unless extended by CMCT).
Jun 10, 2021 07:10 am ET
CIM Commercial Trust Corporation Commences Rights Offering
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT‑L) (“we”, “our”, “CMCT”, “CIM Commercial”, or the “Company”), a real estate investment trust (“REIT”) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), announced today the commencement of the previously announced rights offering for an aggregate of approximately $137.3 million of newly issued shares of common stock, par value $0.001 per share, of the Company (“Common Stock”).
Jun 09, 2021 05:04 pm ET
Lionbridge / Robotti / Winthrop Group Uncovers Serious SEC Disclosure Violations by CMCT
NEW YORK, June 9, 2021 /PRNewswire/ -- The shareholder group led by Lionbridge Capital I, LP and its affiliates, Robotti & Company, Inc. and its affiliates, and Winthrop Realty Partners, L.P. and its affiliates, who collectively own 897,085 shares, or approximately 6.0% of the outstanding shares of CIM Commercial Trust Corporation ("CMCT" or the "Company") (NASDAQ: CMCT and TASE: CMCT-L), today issued the following statement in connection with a severe disclosure omission and debilitating material misstatements by CMCT that the group has uncovered under the rules of the Securities and Ex
Jun 07, 2021 06:30 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on June 30, 2021 to stockholders of record at the close of business on June 17, 2021.
Jun 01, 2021 08:25 am ET
CIM Commercial Trust Corporation Announces Rights Offering
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our”, “CMCT”, “CIM Commercial”, or the “Company”), a real estate investment trust (“REIT”) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), announced today that it intends to conduct a rights offering for an aggregate of approximately $137.3 million of newly issued shares of common stock, par value $0.001 per share, of the Company (“Common Stock”). A record date of
May 10, 2021 05:31 pm ET
CIM Commercial Trust Corporation Reports 2021 First Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we,” “our,” “CMCT,” “CIM Commercial,” or the “Company”), a real estate investment trust (“REIT”) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), today reported operating results for the three months ended March 31, 2021.
Mar 16, 2021 04:05 pm ET
CIM Commercial Trust Corporation Reports 2020 Fourth Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we,” “our,” “CMCT,” “CIM Commercial,” or the “Company”), a real estate investment trust (“REIT”) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), today reported operating results for the three months and year ended December 31, 2020.
Mar 05, 2021 06:30 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on March 30, 2021 to stockholders of record at the close of business on March 15, 2021.
Jan 13, 2021 03:12 pm ET
Lionbridge and Robotti Nominate Slate of Highly Qualified Candidates for Election to CMCT's Board
NEW YORK, Jan. 13, 2021 /PRNewswire/ -- Lionbridge Capital, LP, and Robotti & Company Advisors LLC (together with its affiliates, the "Nominating Stockholders" or "they") with an ownership interest of approximately 5.0% of CIM Commercial Trust Corporation ("CMCT" or the "Company") (NASDAQ: CMCT) today announced that they have nominated a slate of six highly qualified candidates for election to the CMCT Board of Directors (the "Board") at the Company's 2021 Annual Meeting: Thomas D. Ferguson, Mark C. Gelnaw, Raymond V. Marino II, John S. Moran, Gregory M. Morillo, and James O'Leary.
Jan 11, 2021 09:24 am ET
CIM Commercial Trust Secures Long-Term Lease for Entire New Office Building at Penn Field Office Campus in Austin
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities, announced today that it has executed an eight-year lease for the entire approximately 44,000-square-foot, two-story office building at Penn Field office campus located at 3601 South Congress Avenue.
Dec 11, 2020 07:00 am ET
Engine Capital Nominates a Slate of Highly Qualified Director Candidates for Election at CMCT's 2021 Annual Meeting of Shareholders
NEW YORK, Dec. 11, 2020 /PRNewswire/ -- Engine Capital, L.P. (together with its affiliates, "Engine"), a shareholder of CIM Commercial Trust Corporation ("CMCT" or the "Company") (NASDAQ: CMCT) with an ownership of approximately 6.1% of the Company, today announced that it has nominated a slate of six highly qualified director candidates, Arnaud Ajdler, Sam Bakhshandehpour, Alan L. Bazaar, Charles R. Holzer, John T. Livingston and Stuart M. Milstein, for election to the board of directors of CMCT (the "Board") at the Company's upcoming 2021 Annual Meeting of Shareholders.
Dec 02, 2020 06:55 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on December 29, 2020 to Stockholders of record at the close of business on December 14, 2020.
Nov 09, 2020 05:34 pm ET
CIM Commercial Trust Corporation Reports 2020 Third Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT) (TASE: CMCT-L) (“we,” “our,” “CMCT,” “CIM Commercial,” or the “Company”), a real estate investment trust (“REIT”) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), today reported operating results for the three and nine months ended September 30, 2020.
Sep 02, 2020 05:22 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per share of Common Stock. The dividend will be paid on September 29, 2020 to shareholders of record at the close of business on September 14, 2020.
Aug 10, 2020 04:05 pm ET
CIM Commercial Trust Corporation Reports 2020 Second Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we," "our," “CMCT,” “CIM Commercial,” or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), today reported operating results for the three and six months ended June 30, 2020.
Jun 03, 2020 05:30 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per share of Common Stock. The dividend will be paid on June 29, 2020 to shareholders of record at the close of business on June 15, 2020.
May 26, 2020 07:30 am ET
CIM Commercial Trust Responds to Letter from Engine Capital
CIM Commercial Trust (NASDAQ: CMCT and TASE: CMCT-L) today announced that Richard Ressler, Chairman of the Board of CIM Commercial Trust, has sent the following letter to Engine Capital.
May 18, 2020 07:00 am ET
Engine Capital Issues Open Letter To Board Of CIM Commercial Trust
NEW YORK, May 18, 2020 /PRNewswire/ -- Engine Capital LP (together with its affiliates, "Engine"), a significant stockholder of CIM Commercial Trust Corporation (the "Company") (NASDAQ: CMCT), with ownership of approximately 6.2% of the Company's outstanding shares, today issued an open letter to the Company's Board of Directors (the "Board"). In the letter, Engine expressed its concerns that the Board may be favoring the interests of the Company's external operator and administrative services provider to the detriment of the Company's stockholders. Given the significant discount to net asse
May 11, 2020 04:15 pm ET
CIM Commercial Trust Corporation Reports 2020 First Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three months ended March 31, 2020.
Mar 16, 2020 08:00 am ET
CIM Commercial Trust Corporation Reports 2019 Fourth Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three months and year ended December 31, 2019.
Mar 02, 2020 11:00 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per share of Common Stock. The dividend will be paid on March 25, 2020 to shareholders of record at the close of business on March 13, 2020.
Jan 28, 2020 10:00 pm ET
CIM Commercial Trust Declares Series A Preferred Stock Dividend
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock. The dividend will be payable as follows: $0.114583 per share to be paid on February 18, 2020 to Series A Preferred Stockholders of record at the close of business on February 5, 2020, $0.114583 pe
Dec 03, 2019 07:00 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on December 27, 2019 to shareholders of record at the close of business on December 13, 2019.
Nov 21, 2019 09:08 pm ET
CIM Commercial Trust Announces Exchange Rate for Recent Tender Offer for Series L Preferred Stock
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our” or the “Company”), a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that the aggregate purchase price of $78,437,049.60 U.S. dollars (“USD”) for the 2,693,580 shares of Series L Preferred Stock accepted for purchase by the Company in the tender offer that expired on November 20, 2019 (the “Tender Offer”) was converted to New Israeli Shekels (“ILS”) at a weighted
Nov 21, 2019 01:14 am ET
CIM Commercial Trust Announces Results of Tender Offer for Series L Preferred Stock
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our” or the “Company”), a real estate investment trust that principally acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today the results of its cash tender offer to purchase up to 2,693,580 shares of its Series L Preferred Stock (the “Tender Offer”) at a price of $29.12 U.S. dollars (“USD”) per share (of which $1.39 USD reflects the amount of dividends on the Series L Preferred Stock that accrued through today), as c
Nov 08, 2019 08:00 am ET
CIM Commercial Trust Corporation Reports 2019 Third Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three and nine months ended September 30, 2019.
Oct 22, 2019 06:28 am ET
CIM Commercial Trust Announces Tender Offer to Purchase up to 2,693,580 Shares of Series L Preferred Stock
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our”, “CMCT”, “CIM Commercial”, or the “Company”), a real estate investment trust (“REIT”) that principally acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that it is commencing a cash tender offer (the “Tender Offer”) to purchase up to 2,693,580 shares of its Series L preferred stock, representing one‑third of the outstanding shares of Series L preferred stock, at a price of $29.12 U.S. dollars (“USD”) per shar
Oct 14, 2019 08:00 am ET
CIM Group Acquires 2,468,390 Shares of CIM Commercial Trust
CIM Commercial Trust Corporation (Nasdaq: CMCT and TASE: CMCT-L)(“CMCT” or “CIM Commercial Trust”) announced today that it has been notified that an affiliate of CIM Group has acquired 2,468,390 shares of common stock of CMCT for $19.1685 per share in a private transaction. Following this purchase, CIM Group, its affiliates, and officers and directors of CMCT have an aggregate economic interest in approximately 19% of the outstanding shares of CMCT common stock.
Aug 08, 2019 06:40 pm ET
CIM Commercial Trust Corporation Reports 2019 Second Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three and six months ended June 30, 2019.
Aug 08, 2019 06:40 pm ET
CIM Commercial Trust Provides Update on Plan to Maximize Return for Stockholders
“We are delivering to our stockholders the considerable value that was created through the active management of our portfolio,” said David Thompson, Chief Executive Officer of CMCT. “We believe that our remaining assets, which are located in high barrier-to-entry markets, position us well for organic growth as we roll existing leases with below‑market rents to market rates. In addition, we believe CMCT has strong access to capital to support our external growth initiatives that include both acquisition and select redevelopment and build-to-suit opportunities.”
Jul 01, 2019 08:00 am ET
CIM Commercial Trust Added to Russell 2000® and Russell 3000® Indexes
CIM Commercial Trust Corporation (Nasdaq: CMCT and TASE: CMCT-L) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company”) announced that the Company was added to the Russell 2000® and Russell 3000® Indexes effective today.
Jun 04, 2019 07:50 pm ET
CIM Commercial Trust Declares Common and Series A Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real
estate investment trust (REIT) that primarily acquires, owns, and
operates Class A and creative office assets in vibrant and improving
metropolitan communities throughout the United States, announced today
that its Board of Directors has declared a quarterly cash dividend of
$0.125 per common share. The dividend will be paid on June 27, 2019 to
shareholders of record at the close of business on June 14, 2019.
May 13, 2019 04:05 pm ET
CIM Commercial Trust Corporation Reports 2019 First Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we",
"our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate
investment trust ("REIT") that primarily acquires, owns, and operates
Class A and creative office assets in vibrant and improving metropolitan
communities throughout the United States, today reported operating
results for the three months ended March 31, 2019.
Mar 29, 2019 08:00 am ET
CIM Commercial Trust Appoints David Thompson as Chief Executive Officer and Nathan Debacker as Chief Financial Officer
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT) announced today
that its board of directors (the “Board”) has appointed David Thompson
as its Chief Executive Officer (“CEO”) and Nathan DeBacker as its Chief
Financial Officer (“CFO”) at the recommendation of CIM Commercial
Trust’s operator, CIM Group.
Mar 18, 2019 04:30 pm ET
CIM Commercial Trust Corporation Reports 2018 Fourth Quarter Results
CIM Commercial Trust Corporation (NASDAQ & TASE:CMCT) ("we", "our",
“CMCT”, “CIM Commercial”, or the "Company"), a real estate investment
trust ("REIT") that primarily acquires, owns, and operates Class A and
creative office assets in vibrant and improving metropolitan communities
throughout the United States, today reported operating results for the
three months and year ended December 31, 2018.
Mar 07, 2019 04:53 pm ET
CIM Commercial Trust Provides Update On Plan To Maximize Returns For Shareholders
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT) announced today
that it has sold five properties as part of its previously announced
plan of unlocking embedded value in its portfolio and improving the
trading liquidity of its common stock. The properties are located in
Oakland, California and Washington, D.C. and represent more than 50% of
the properties that CMCT targeted for sale as part of such plan. Of the
remaining properties targeted for sale, one property in San Francisco,
California is expected to be sold in March and three additi
Feb 20, 2019 04:30 pm ET
CIM Commercial Trust Declares Common and Series A Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT), a real estate
investment trust (REIT) that primarily acquires, owns, and operates
Class A and creative office assets in vibrant and improving urban
communities throughout the United States, announced today that its Board
of Directors has declared a quarterly cash dividend of $0.125 per common
share. The dividend will be paid on March 25, 2019 to shareholders of
record at the close of business on March 6, 2019.
Dec 04, 2018 09:45 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT), a real estate
investment trust (REIT) that primarily acquires, owns, and operates
Class A and creative office assets in vibrant and improving urban
communities throughout the United States, announced today that its Board
of Directors has declared a quarterly cash dividend of $0.125 per common
share. The dividend will be paid on December 27, 2018 to shareholders of
record at the close of business on December 14, 2018.
Nov 13, 2018 05:14 pm ET
CIM Commercial Trust Corporation Reports 2018 Third Quarter Results
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT) ("we", "our",
“CMCT”, “CIM Commercial”, or the "Company"), a real estate investment
trust ("REIT") that primarily acquires, owns, and operates Class A and
creative office assets in vibrant and improving urban communities
throughout the United States, today reported operating results for the
three months ended September 30, 2018.
Aug 22, 2018 06:15 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT), a real estate
investment trust (REIT) that primarily acquires, owns, and operates
Class A and creative office assets in vibrant and improving urban
communities throughout the United States, announced today that its Board
of Directors has declared a quarterly cash dividend of $0.125 per common
share. The dividend will be paid on September 25, 2018 to shareholders
of record at the close of business on September 5, 2018.
Aug 09, 2018 04:05 pm ET
CIM Commercial Trust Corporation Reports 2018 Second Quarter Results
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT) ("we", "our",
“CMCT”, or “CIM Commercial Trust”), a real estate investment trust
("REIT") that primarily acquires, owns, and operates Class A and
creative office assets in vibrant and improving urban communities
throughout the United States, today reported operating results for the
three months ended June 30, 2018.
Jun 04, 2018 07:58 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT), a real estate
investment trust (REIT) that primarily acquires, owns, and operates
Class A and creative office assets in vibrant and improving urban
communities throughout the United States, announced today that its Board
of Directors has declared a quarterly cash dividend of $0.125 per common
share. The dividend will be paid on June 28, 2018 to shareholders of
record at the close of business on June 15, 2018.
May 10, 2018 07:15 pm ET
CIM Commercial Trust Corporation Reports 2018 First Quarter Results
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT) (“we”, “our”,
“CMCT”, or “CIM Commercial Trust”), a real estate investment trust
(“REIT”) that primarily acquires, owns, and operates Class A and
creative office assets in vibrant and improving urban communities
throughout the United States, today reported operating results for the
three months ended March 31, 2018.
Mar 28, 2018 08:45 am ET
CIM Commercial Trust Corporation Announces Estimated Net Asset Value Per Share of $23.96
CIM Commercial Trust Corporation (NASDAQ|TASE: CMCT), a real estate
investment trust (REIT) that principally acquires, owns, and operates
Class A and creative office assets in vibrant and improving urban
communities throughout the U.S., has announced that the estimated net
asset value per share of common stock of CIM Commercial Trust
Corporation increased to $23.96 as of December 31, 2017, as compared to
$23.14 as of December 31, 2016. In addition to the increase in estimated
net asset value per share, CIM Commercial Trust Corporation declared a
Mar 06, 2018 08:17 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ:CMCT), a real estate investment
trust (REIT) that principally acquires, owns, and operates Class A and
creative office assets in vibrant and improving urban communities
throughout the U.S., announced today that its Board of Directors has
declared a quarterly cash dividend of $0.125 per common share. The
dividend will be paid on March 29, 2018 to shareholders of record at the
close of business on March 16, 2018.
Feb 13, 2018 09:40 pm ET
CIM Commercial Trust Corporation Announces Tax Treatment of 2017 Dividends
CIM Commercial Trust Corporation (NASDAQ:CMCT), a real estate investment
trust (REIT) that principally invests in, owns, and operates Class A and
creative office investments in vibrant and improving urban communities
throughout the U.S., announced today the tax treatment of its 2017
Common Stock and Series A Preferred Stock dividends.
Jan 03, 2018 02:54 pm ET
CIM Commercial Trust to Acquire 9460 Wilshire Boulevard in Beverly Hills
CIM Commercial Trust Corporation (NASDAQ: CMCT) (TASE: CMCT), a real
estate investment trust (REIT) that principally invests in, owns, and
operates Class A and creative office investments in vibrant and
improving urban communities throughout the United States, announced
today that it has signed a definitive agreement to purchase the fee
simple interest in 9460 Wilshire Boulevard in the Golden Triangle of
Beverly Hills, California.
Dec 18, 2017 08:15 pm ET
CIM Commercial Trust Announces Private Repurchase of 14,090,909 Shares and Declares Special Dividend on Common Stock
CIM Commercial Trust Corporation (NASDAQ: CMCT), a real estate
investment trust (REIT) that principally invests in, owns, and operates
Class A and creative office investments in vibrant and improving urban
communities throughout the U.S., today announced that it has
repurchased, in a privately negotiated transaction, 14,090,909 shares of
its common stock from a fund (the "Fund") managed by an affiliate of CIM
Group, the manager of CMCT. The aggregate purchase price was
$310,000,000 or $22.00 per share.
Dec 06, 2017 10:49 pm ET
CIM Commercial Trust Declares Common and Series A Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT), a real estate
investment trust (REIT) that principally invests in, owns, and operates
Class A and creative office investments in vibrant and improving urban
communities throughout the U.S., announced today that its Board of
Directors has declared a quarterly cash dividend of $0.125 per common
share. The dividend will be paid on December 28, 2017 to shareholders of
record at the close of business on December 21, 2017.
Nov 27, 2017 05:21 pm ET
CIM Commercial Trust Corporation Announces Successful Offering of Series L Preferred Stock
CIM Commercial Trust Corporation (NASDAQ / TASE: CMCT), a real estate
investment trust (REIT) that principally invests in, owns, and operates
Class A and creative office investments in vibrant and improving urban
communities throughout the U.S., announced today that last week it
completed a successful offering of its Series L Preferred Stock in
Israel. The offering resulted in net proceeds of approximately $207
million, which will be used by the Company primarily for acquisitions
and additional investments consistent with its acquisition and ass
Nov 23, 2017 02:30 am ET
CIM Commercial Trust Corporation Announces Results of Currency Conversion for Series L Preferred Stock in Israel
CIM Commercial Trust Corporation ("CMCT" or the "Company") (NASDAQ
and TASE: CMCT), a real estate investment trust (REIT) that
principally invests in, owns, and operates Class A and creative office
investments in vibrant and improving urban communities throughout the
U.S., announced that the net proceeds from the offering of the Company’s
Series L Preferred Stock, par value $0.001 per share (the "Series L
Preferred Stock"), has been converted from ILS into USD as described in
the Company's Prospectus dated November 16, 2017 (the “Prospect
Nov 20, 2017 03:11 am ET
CIM Commercial Trust Corporation Announces the Results of the Tender Process for Series L Preferred Stock in Israel
CIM Commercial Trust Corporation ("CMCT" or the "Company") (NASDAQ
and TASE: CMCT), a real estate investment trust (REIT) that
principally invests in, owns, and operates Class A and creative office
investments in vibrant and improving urban communities throughout the
U.S., announces that the tender process for CMCT's Series L Preferred
Stock, par value $0.001 per share (the "Series
L Preferred Stock"), as described in CMCT's Prospectus dated
November 16, 2017 (the "Prospectus")
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