CMCT Announces Completion of Preferred Stock Redemption
Creative Media (CMCT)
Last creative media earnings: 3/16 08:00 am
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US:NASDAQ Investor Relations:
investors.cimcommercial.com
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Creative Media & Community Trust Corporation (NASDAQ: CMCT) (“we”, “our”, “CMCT”, or the “Company”) announced today that it has redeemed approximately 1,957,823 shares of Series A Preferred Stock, par value $0.001 per share, approximately 7,734,130 shares of Series A1 Preferred Stock, par value $0.001 per share, and approximately 21,760 shares of Series D Preferred Stock, par value $0.001 per share (collectively, the “Preferred Stock”), in shares of Common Stock (the “March 2026 Redemption”).The redemption improves the Company’s Funds from Operations attributable to common stockholders (“FFO”)1 and balance sheet and positions shareholders to benefit from improving operating trends across the multifamily portfolio, the Los Angeles and Austin office assets and the company’s one hotel. The Redemption is expected to improve CMCT’s FFO by approximately $16.0 million per year2 and returns the company’s capital structure back to its long-term target. As of D
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CMCT
News
- Creative Media & Community Trust Corporation Reports 2025 Fourth Quarter Results & Takes Action to Significantly Improve Balance Sheet and FFO¹Business Wire
- Creative Media & Community Trust Announces Date for Its Fourth Quarter 2025 Earnings Release and Conference CallBusiness Wire
- CMCT Announces Closing of Sale of Lending DivisionBusiness Wire
- Creative Media & Community Trust Corporation (NASDAQ:CMCT) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=CMCT&utm_campaign=getratings&utm_medium=online&utm_sourMarketBeat
- CMCT Declares Preferred Stock DividendsBusiness Wire
CMCT
Sec Filings
- 3/18/26 - Form 4
- 3/18/26 - Form 4
- 3/18/26 - Form 4
- CMCT's page on the SEC website