CIM Commercial Trust Declares Common and Preferred Stock Dividends
March 06 2018 - 8:17PM
Business Wire
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.
In addition, the Board of Directors has declared a quarterly
cash dividend of $0.34375 per share of CMCT's Series A Preferred
Stock. For shares issued during the first quarter of 2018, the
dividend will be prorated from the time of issuance. The dividend
will be payable on April 16, 2018 to holders of record at the close
of business on April 5, 2018.
ABOUT CIM COMMERCIAL TRUST CORPORATION
CIM Commercial Trust Corporation is a real estate
investment trust (REIT) that principally acquires, owns, and
operates Class A and creative office assets located in vibrant and
improving urban communities throughout the U.S.
Properties are primarily located in Los Angeles,
the San Francisco Bay Area and Washington, D.C. CIM
Commercial Trust Corporation is operated by CIM Group and its
affiliates, a vertically- integrated, owner and operator of real
assets with multi-disciplinary expertise and in-house research,
acquisition, credit analysis, development, finance, leasing, and
asset management capabilities. In addition, CIM Commercial Trust
continues to deploy a portion of its capital to its real estate
lending platform through its wholly owned subsidiary (d/b/a PMC
Commercial Trust) that originates and services loans under the U.S.
Small Business Administration 7(a) Guaranteed Loan Program as well
as through other lending programs. www.cimcommercial.com
FORWARD-LOOKING STATEMENTS
The information set forth herein contains "forward-looking
statements." You can identify these statements by the fact that
they do not relate strictly to historical or current facts or
discuss the business and affairs of CIM Commercial Trust
Corporation on a prospective basis. Further, statements that
include words such as "may," "will," "project," "might," "expect,"
"believe," "anticipate," "intend," "could," "would," "estimate,"
"continue," "pursue," or "should" or the negative or other words or
expressions of similar meaning, may identify forward-looking
statements.
CIM Commercial Trust bases these forward-looking statements on
particular assumptions that it has made in light of its experience,
as well as its perception of expected future developments and other
factors that it believes are appropriate under the circumstances.
The forward-looking statements are necessarily estimates reflecting
the judgment of CIM Commercial Trust and involve a number of risks
and uncertainties that could cause actual results to differ
materially from those suggested by the forward-looking statements.
These forward-looking statements are subject to risks,
uncertainties and other factors, including those set forth in CIM
Commercial Trust's Annual Report on Form 10-K for the fiscal year
ended December 31, 2016.
As you read and consider the information herein, you are
cautioned to not place undue reliance on these forward-looking
statements. These statements are not guarantees of performance or
results and speak only as of the date hereof. These forward-looking
statements involve risks, uncertainties and assumptions. In light
of these risks and uncertainties, there can be no assurance that
the results and events contemplated by the forward-looking
statements contained herein will in fact transpire. New factors
emerge from time to time, and it is not possible for CIM Commercial
Trust to predict all of them. Nor can CIM Commercial Trust assess
the impact of each such factor or the extent to which any factor,
or combination of factors may cause results to differ materially
from those contained in any forward-looking statement. CIM
Commercial Trust undertakes no obligation to publicly update or
release any revisions to these forward-looking statements to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events, except as required by
law.
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version on businesswire.com: http://www.businesswire.com/news/home/20180306006814/en/
For CIM Commercial Trust CorporationMedia Relations:Bill Mendel,
212-397-1030bill@mendelcommunications.comorInvestor Relations:Steve
Altebrando, 646-652-8473investors@cimcommercial.com
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