CIM Group Acquires 2,468,390 Shares of CIM Commercial Trust
Creative Media & Community Trust Corporation (CMCT)
Last creative media & community trust corporation earnings: 3/16 08:00 am
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US:NASDAQ Investor Relations:
investors.cimcommercial.com
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Source: Business Wire
CIM Group’s and Its Affiliates’ Ownership Increases to 19% DALLAS--(BUSINESS WIRE)--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.“This $47.3 million investment demonstrates the confidence that CIM Group, whose affiliate serves as the operator of CMCT, has in CMCT’s high-quality metropolitan portfolio,” said David Thompson, CMCT’s Chief Executive Officer. “We believe CMCT is well positioned for growth with three value-add projects expected to be completed in 2020, contractual rent increases, and the ability to increase below market in-place leases to market rates. The i
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CMCT
News
- Creative Media & Community Trust Co. (NASDAQ: CMCT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Creative Media & Community Trust Co. (NASDAQ: CMCT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Creative Media & Community Trust Corporation Reports 2024 First Quarter ResultsBusiness Wire
- Creative Media & Community Trust Co. (NASDAQ: CMCT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Creative Media & Community Trust Announces Date for Its First Quarter 2024 Earnings Release and Conference CallBusiness Wire
CMCT
Earnings
- 5/15/24 - Miss
CMCT
Sec Filings
- 5/20/24 - Form S-11/A
- 5/15/24 - Form 10-Q
- 5/15/24 - Form 8-K
- CMCT's page on the SEC website