CIM Commercial Trust Added to Russell 2000® and Russell 3000® Indexes
July 01 2019 - 8:00AM
Business Wire
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.
“We are pleased to be included in these widely followed indexes
as we approach the completion of our previously announced program
to unlock embedded value in our portfolio, enhance growth
prospects, and improve the trading liquidity of our common stock,”
said David Thompson, the Chief Executive Officer of CMCT.
Russell Indexes are widely used by investment managers and
institutional investors as the basis for index funds and as
benchmarks for active investment strategies and to track current
and historical market performance of US equities. Approximately $9
trillion in assets are benchmarked against Russell’s US indexes.
Russell indexes are part of FTSE Russell, a leading global index
provider.
ABOUT CIM COMMERCIAL TRUST CORPORATION
CIM Commercial Trust is 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. Its properties are primarily located in Los
Angeles and the San Francisco Bay Area. CIM Commercial Trust is
operated by affiliates of CIM Group, L.P., a vertically-integrated
owner and operator of real assets with multi-disciplinary expertise
and in-house research, acquisition, credit analysis, development,
finance, leasing, and property management capabilities.
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 on a prospective
basis. Further, statements that include words such as "may,"
"will," "project," "might," "expect," “target,” "believe,"
"anticipate," "intend," "could," "would," "estimate," "continue,"
"pursue," "potential", "forecast", "seek", "plan", or "should" or
the negative or other words or expressions of similar meaning, may
identify forward-looking statements.
CIM Commercial 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.
These forward-looking statements are necessarily estimates
reflecting the judgment of CIM Commercial 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 associated with
(i) CIM Commercial's ability to consummate the planned asset sales,
(ii) the extent to which capital is returned to stockholders and
the timing thereof and (iii) general economic, market and other
conditions.
For a further list and description of the risks and
uncertainties inherent in the forward looking statements, see CIM
Commercial's filings with the Securities and Exchange Commission,
including CIM Commercial's Annual Report on Form 10-K for the
fiscal year ended December 31, 2018, the Registration Statement on
Form S-11 (No. 333-210880) relating to the Series A Preferred Stock
and the Registration Statement on Form S-4 (No. 333-227707)
relating to the potential exchange offer for shares of our Series L
Preferred Stock.
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
to predict all of them. Nor can CIM Commercial 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
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: https://www.businesswire.com/news/home/20190701005055/en/
Media Relations: Bill Mendel, 212-397-1030
bill@mendelcommunications.com or Investor Relations: Steve
Altebrando, 646-652-8473
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