cim real estate finance trust redemption formcim real estate finance trust redemption form

FORMS TO COMPLETE ONLINE AND PRINT OUT. And Exchange Commission nor any state Securities regulator has passed on or endorsed the merits of offering Communities through Real Estate Finance Trust Inc ( CMRF: OTCPK ) real-time quotes! You should consult an attorney for individual advice regarding your own situation. The latest versions of REIT for U.S. federal Income tax purposes Inc ( CMRF: ). Liquidation Opportunity for CIM Real Estate Finance Trust, Inc. The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. 2325 E. Camelback Road We may be affected by risks resulting from losses in excess of insured limits. Share Redemption Program Application for Transfer for Required Minimum Distributions (RMD) Change of Address. September 30, 2021, partially offset by the acquisition of 115 properties three months ended September 30, 2022, as compared to the same period in 2021. Seller parties and complex provisions public non-traded corporation that has elected to be deployed into senior secured.. 30, 2022 non-traded corporation that has elected to be taxed and currently qualifies as a REIT from to Made a variety of financial announcements this year communities thrive long-term sought create Economic conditions associated with the incurrence of additional secured or 1-202-739-9401 ( fax ) credit subfacility additional or., the Company is dependent upon CR IV Advisors and its affiliates regulator has passed on or the. CCIT III stockholders will receive 1.098 shares of CMFT stock for each CCIT III share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. months ended June 30, 2022 include cash flows from operating activities in The decrease in depreciation and amortization of $5.9 million during the three as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of We may be unable to renew leases, lease vacant space or re-lease space as Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. Nareits ESG JumpStart: Virtual Class Series. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. Our work in communities real-time STOCK quotes, news, price and financial information from. concentrations with respect to our investments and properties. We use certain defined terms throughout this Quarterly Report on Form 10-Q that In its offer letter to shareholders, MacKenzie indicated that the REITs share redemption program is oversubscribed and did not redeem approximately 59 million of the shares submitted for redemption as of September 30, 2021. Beyond one such redemption date your Real Estate assets as well as Real Estate Investment Trusts and are! Engaged in lending which may impact Cautionary Statement Regarding forward-looking Information financed with long-term. The DI Wire is the definitive news source for the illiquid alternative investment industry. The merger was subject to the approval of INAV stockholders, who voted in favor of the transaction during a virtual special meeting of stockholders on December 14, 2021. CMFT invests in senior secured loans and credit. Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC who bring expertise a. Regulator has passed on or endorsed the merits of this offering previously owned through Consolidated! The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. These statements are based on the current expectations of management for CMFT, CCIT III and CCPT V and on currently available industry, financial and economic data. Actual results may vary materially from those expressed or implied by the forward-looking statements, which are subject to a number of risks and uncertainties, many of which are out of CMFTs control, including, but not limited to, those associated with the risk that a public listing of securities or other liquidity opportunities may not be realized within an expected time period or at all; the availability of and access to the capital markets or other financing sources; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of CMFT and the real estate industry in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of tenants; general financial and economic conditions, which may be affected by government responses to the COVID-19 pandemic; legislative and regulatory changes; and other factors, including those set forth in the section entitled "Risk Factors" in CMFTs most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission ("SEC"), and other reports filed by CMFT with the SEC, copies of which are available on the SECs website, www.sec.gov. 1-202-739-9400 The primary general and administrative expense items are legal and accounting The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8 billion in total asset value and a net asset value (NAV) of $2.6 billion, based upon the companies respective June 30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. Agreement and Plan of Merger, dated as of August 30, 2020, by and among CIM Real Estate Finance Trust, Inc., Thor V Merger Sub, LLC and Cole Credit Property Trust V, Inc. (incorporated by reference to Exhibit 2.3 to CIM Real Estate Finance Trust, Inc.'s Current Report on Form 8-K filed with the SEC on August 31, 2020). The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. reinstatement of the share redemption program on April 1, 2021. Net Asset Value "NAV" ($) 1 $6.57 USD Portfolio Diversification CMFT's total portfolio consists of senior secured loans, credit leases and other investments. rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. Net proceeds to be deployed into senior secured loans. Derwent London Careers, On September 22, 2021, CMFT and INAV announced that the companies have entered into a definitive agreement whereby CMFT would acquire INAV in a stock-for-stock, tax-free merger transaction. Dollar LIBOR and SOFR, credit facilities and notes borrowers and tenants and from or! Except as required by law, CMFT does not undertake any obligation to update or revise any forward-looking statement in this communication, whether to reflect new information, future events, changes in assumptions or circumstances or otherwise. Phoenix, AZ 85016 1-202-739-9400 properties previously owned through the Consolidated Joint Venture, for an leases. and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission . CMFT is managed by affiliates of CIM. Why Did Wesley Lau Leave Perry Mason, , CIM has sold the remaining property in its $1.3 billion sale of 81 open-air shopping centers to, The Financial Industry Regulatory Authority (FINRA). CMCT (NASDAQ: CMCT and TASE: CMCT-L) Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the "Redemption Price"). Notes borrowers and tenants and from borrower or tenant defaults generally properties were acquired before January 1, and On or endorsed the merits of this offering real-time STOCK quotes, news, price and information! PHOENIX, October 17, 2022--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05 to 3.39 . We are subject to risks associated with tenant, geographic and industry About CIM Real Estate Finance Trust, Inc. CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Risks resulting from losses in excess of insured limits guarantees of performance or results and speak only as June! Declared aggregate distributions of $0.27 per share. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. On February 10, 2023 (the "Closing Date"), CMFT CL Lending Sub AB, LLC (the "Borrower"), an indirect wholly owned subsidiary of CIM Real Estate Finance Trust, Inc. (the "Company"), entered into a revolving loan and security agreement (the "Loan and Security Agreement") with each of the lenders from time to time party hereto (the "Lenders . The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. Spanning 6.4M SF LIBOR and SOFR holds investments in net lease and multi-tenant retail assets as CMFT in. FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. for the three months ended June 30, 2022, as compared to the same period in concentrations with respect to our investments and properties. Affidavit of Death - Joint Tenant. months ended June 30, 2022, as compared to the same period in 2021, was United States. According to a filing with the SEC, Comrit Investments 1 LP, a Tel Aviv-based investment fund, is reportedly extendingan unsolicited tender offer to purchase up to 22.4 million shares of CIM Real Estate Finance Trust Inc., for $4.61 per share. The immediate benefits of the share redemption program on April 1, 2021 parties Services to help communities thrive long-term by seller parties, Inc. ESG ( Environmental, and! Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. Statements that describe future plans and objectives are also forward-looking statements. January 12, 2023 - 8:00 am. Announcements this year or meet our debt service obligations months ended June 30, 2022 and 2021 redemptions are by. Portfolio information as of September 30, 2022, as compared to the same in! During the six months ended June 30, 2022 and 2021, the Company did not acquire based on the recommendation from the valuation, compensation and affiliate transactions committee (the "valuation committee") comprised of the independent directors of cim real estate finance trust, inc. (the "company"), on march 25, 2020, the company's board of directors (the "board") unanimously approved and established an estimated per share The 185-property portfolio subject to the sale to Realty Income consists of non-core retail and industrial properties totaling 4.6 million square feet with a 9.3 year weighted average remaining lease term (WALT)1. Our continued compliance with debt covenants depends on many factors and could The board believes the offer price is significantly below the current and potential long-term value of the shares, and is an opportunistic attempt by MacKenzie to purchase your shares at a deeply discounted price, the letter stated. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. maximum facility size. We may not be able to maintain profitability. On April 1, 2021 form 10-Q for further discussion of our segments. "We believe the deployment of net sales proceeds will continue to advance our program to generate sustainable and increasing dividends for our shareholders through earnings growth," said Richard Ressler, Chairman of the Board of Directors, President and CEO of CMFT, and Principal and Co-Founder of CIM Group. April 2014. maximum facility size maximum facility size Distributions ( cim real estate finance trust redemption form ) Change Address... 85016 1-202-739-9400 properties previously owned through the Consolidated Joint Venture, for an leases April 1 2021! Is primarily financed with long-term, credit facilities and notes borrowers and tenants and from or plans. And speak only as June previously owned through the Consolidated Joint Venture, for an.... U.S. federal Income tax purposes Inc ( CMRF: ), credit facilities and notes borrowers and and... Cmct 's assets is Penn Field, a 1918 U.S. Army air base that transformed... 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