CIM Commercial Trust Declares Common and Preferred Stock Dividends

Nachrichtenquelle: Business Wire (engl.)
03.06.2020, 23:30  |  110   |   |   

CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per share of Common Stock. The dividend will be paid on June 29, 2020 to shareholders of record at the close of business on June 15, 2020.

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 the third quarter of 2020. The dividend will be payable as follows: $0.114583 per share to be paid on August 17, 2020 to Series A Preferred Stockholders of record at the close of business on August 5, 2020; $0.114583 per share to be paid on September 15, 2020 to Series A Preferred Stockholders of record at the close of business on September 5, 2020; and $0.114583 per share to be paid on October 15, 2020 to Series A Preferred Stockholders of record at the close of business on October 5, 2020. For shares issued during the third quarter of 2020, the dividend will be prorated from the date of issuance, and the monthly dividend payments will reflect such proration, as applicable.

Further, the Board of Directors has declared a quarterly cash dividend of $0.353125 per share of CMCT’s Series D Preferred Stock for the third quarter of 2020. The dividend will be payable as follows: $0.117708 per share to be paid on August 17, 2020 to Series D Preferred Stockholders of record at the close of business on August 5, 2020; $0.117708 per share to be paid on September 15, 2020 to Series D Preferred Stockholders of record at the close of business on September 5, 2020; and $0.117708 per share to be paid on October 15, 2020 to Series D Preferred Stockholders of record at the close of business on October 5, 2020. For shares issued during the third quarter of 2020, the dividend will be prorated from the date of issuance, and the monthly dividend payments will reflect such proration, as applicable.

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 onsite property management capabilities. www.cimcommercial.com.

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