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Stock impact report

CMCT Declares Preferred Stock Dividends

Creative Media & Community Trust Corporation (CMCT) 
Last creative media & community trust corporation earnings: 3/16 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.cimcommercial.com
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--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.The dividend amount, the record date and the payment date are as follows: Monthly Dividend Amount(per share) Record DatePayment DateSeries A Preferred Stock ($0.34375 per share for the quarter) $0.114583May 5, 2024June 5,2024July 5, 2024May 15, 2024June 17, 2024July 15, 2024Series A1 Preferred Stock ($0.489375 per share for the quarter)* $0.163125Series D Preferred Stock($0.353125 per share for the quarter) $0.117708*The quarterly cash dividend of $0.489375 per share represents an annualized dividend rate of 7.83% (2.5% plus the federal funds rate of 5.33% on the applicable determination date). The terms of the Series A1 Preferred Stock provide for cumulative cash dividends (if, as and when authorized by the Board of Directors) on each share of Series A1 Show less Read more
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