Form 4: CIM Capital Real Property Management Acquires Creative Media & Community Trust Corp Shares

CIM Capital Real Property Management, LLC reports acquisition and disposal of Creative Media & Community Trust Corp shares due to redemption by the issuer.

Summary

• CIM Capital Real Property Management, LLC filed a Form 4 detailing changes in beneficial ownership of Creative Media & Community Trust Corp [CMCT] securities.
• The transactions occurred on September 25, 2024.
• CIM Capital disposed of 163,337 shares of Series A1 Preferred Stock at a price of $1.975.
• CIM Capital acquired 2,078,349 shares of Common Stock at a price of $1.975.
• The reported securities were called for redemption by the issuer at a price based on the VWAP of the Common Stock for the 20 Trading Days immediately preceding the applicable redemption date.
• The VWAP of the Common Stock for the 20 Trading Days immediately preceding the applicable redemption date, which was used to determine the number of shares of Common Stock issued in connection with the redemption, was $1.975.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions related to a pre-defined redemption process, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market.

Stakeholder Impact

• Shareholders are informed about the changes in ownership structure due to the redemption of securities.
• The redemption process impacts the capital structure of Creative Media & Community Trust Corp.

Key Dates

Keywords

Form 4, Beneficial Ownership, CMCT, Creative Media & Community Trust Corp, CIM Capital Real Property Management, Securities Redemption, VWAP