CIM COMMERCIAL TRUST CORPORATION (NASDAQ:CMCT) Files An 8-K Other Events

ME Staff 8-k

6 years ago

CIM COMMERCIAL TRUST CORPORATION (NASDAQ:CMCT) Files An 8-K Other EventsItem 8.01 Other Events.

On October5, 2018, CIM Commercial Trust Corporation (the “Company”) published a presentation to provide a strategic update to its investors (the “Update”). The Update describes a potential recapitalization (the “Potential Recapitalization”) that the Company is considering in order to, among other things, provide its shareholders with liquidity approximating the net asset value per share of the common stock, par value $0.001 per share, of the Company (the “Common Stock”) and improve the trading volume and liquidity of the Common Stock. The Potential Recapitalization involves a series of potential transactions as described in the Update. There can be no guarantee that the Potential Recapitalization will occur or, if it occurs, that any or all of its components will occur in the form or manner described in the Update.

A copy of the Update is attached to this Form8-K as Exhibit99.1 and is incorporated by reference herein. Additionally, the Company has posted a copy of its Update on its Shareholder Relations pageat http://shareholders.cimcommercial.com/.

The information in this Item 8.01 and Exhibit99.1 are being furnished and shall not be deemed “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

CIM Commercial Trust Corp ExhibitEX-99.1 2 a18-36158_3ex99d1.htm EX-99.1 Exhibit 99.1 CIM Commercial Trust Corporation Strategic Update October 2018 www.cimgroup.com ©2018 CIM Group CMCT CIM Commercial Trust Corporation Important Disclosures Free Writing Prospectus. Filed Pursuant to Rule 433 | Dated October 5,…To view the full exhibit click here
About CIM COMMERCIAL TRUST CORPORATION (NASDAQ:CMCT)
CIM Commercial Trust Corporation is engaged in acquiring, owning and operating Class A office investments in urban communities throughout the United States. These communities are located in areas that include traditional downtown areas and suburban main streets. The Company operates in the business segments, including the acquisition, redevelopment, ownership and management of office real estate, multifamily real estate and hotels. Its real estate portfolio consists of over 30 assets. It has approximately 20 office properties (including over two parking garages and over two development sites), totaling approximately 5.6 million rentable square feet, which are approximately 86.9% occupied; multifamily properties, composed of over 930 units, which are approximately 92.4% occupied, and hotels, which have a total of approximately 1,070 rooms. Its office, multifamily and hotel assets are located in over 10 of the United States markets.