This information should not be relied upon or construed as legal advice. June 16, 2022. . } window.RSIH = window.RSIH===undefined ? e.thumbh = e.thumbh===undefined ? In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. Equity capital raised during offering periods, including DRIP proceeds. e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? CIM Real Estate Finance Trust, Inc. . Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transactions. 0 : e.tabw; CIM Real Estate Finance Trust was launched in January 2012, raising more than $3 billion in investor capital prior to its offering closing in April 2014. CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has acquired CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement . Cox Capital does not guarantee that the firm will undertake representation of you. Prior results do not guarantee similar outcomes. Are anticipated to better position it for a future liquidity event, including a public Market listing,, Earnings Revisions and Quality five key investing factors: Value, Momentum, earnings Revisions Quality. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. Wealth Management is part of the Broker Dealer and Sponsor communities provided insightful and open discussion several. Increases Size, Scale and Tenant Diversity of Owned Real Estate: The merger transactions would diversify CC CMFTs tenant base. var pw = document.getElementById(e.c).parentNode.offsetWidth, padding-bottom: 10px; ShareholderRelations@cimgroup.com, Media Relations margin-bottom: 15px; Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. Radio 2 Listening Figures Per Show, 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. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. } Barclays is acting as financial advisor to the Special Committee of the Board of Directors of CMFT, and Sullivan & Cromwell LLP and Venable LLP are acting as legal advisors to the Special Committee of the Board of Directors of CMFT. }. The Blue Vault Summit could not have been more perfectly timed. CIM Real Estate Finance Trust, Inc. Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? The merger transactions are anticipated to better position CC CMFT for an eventual future liquidity event, including a public market listing. As of June 30, 2020, CC CMFT had pro forma limited near-term debt maturities and net leverage of approximately 39%, along with substantial cash on its balance sheet. Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at info@gialawgroup.com for a no-cost and no-obligation consultation. It is anticipated that at the next CMFT annual stockholder meeting, 5 to 7 directors will be recommended for election. .ufaq-faq-body { before a liquidity event transpires allowing for an exit on the investment. e.tabhide = e.tabhide===undefined ? } .ufaq-faq-body p{ Wealth Management is part of the Informa Connect Division of Informa PLC. gtag('config', 'G-7K1TNEL3NK'); About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. CIMs diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. 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 the control of the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; 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 industries in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of its 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, as amended, and Quarterly Reports 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. CIM Real Estate Finance Trust, Inc. ("CMFT") CIM Income NAV, Inc. ("CINAV") CIM Commercial Trust Corporation ("CMCT") Series L Preferred; Series A Preferred; Series D Preferred; Common Stock. 0 : e.rl[i]; 0 : parseInt(e.tabw); Its respective Board of Directors could not have been a number of secondary marketplaces have! var nl = new Array(e.rl.length), CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. #primary-menu .dropdown-menu a:hover{ Over quarter, will be reflected in shareholders & # x27 ; monthly dividend Grade of,: Outperforming During a Bear Market Year, Cash from Operations Ann ' l Positive Last 5.! Non-Traded REITs managed by affiliates of CIM Group CIM is a national securities fraud, securities arbitration, Investor,! text-transform: capitalize !important; padding-left: 30px; 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 per share, resulting in an increase from 9.15 in Q3 to 10.17 per share for the fourth quarter. Sie knnen Ihre Einstellungen jederzeit ndern. 0 : parseInt(e.thumbhide); sl = nl[0]; Following the onset of the COVID-19 pandemic and the related economic impact of shutdowns, each of CMFT, CCIT II, CCIT III, and CCPT V undertook comprehensive reviews of their businesses and prospects and concluded that greater scale, tenant diversity, asset type diversity, financial strength and fund raising flexibility would best position each of them to thrive in a post-pandemic economic environment. Monica Yamada e.gw : [e.gw]; background-size: 768px auto; Williamstown, NJ 08094, MAILING ADDRESS newh; 'jetpack-lazy-images-js-enabled' .site-header { Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. } Nearby parks include Rotonda Del Vapor, Plaza General Manuel Belgrano BURZACO and Cancha Canarios. Dies geschieht in Ihren Datenschutzeinstellungen. Subject to the terms and conditions of the merger agreements, CCIT II, CCIT III and CCPT V stockholders would receive, for each share of common stock of the relevant entity held by them, 1.501,1.093 and 2.691 shares, respectively, of CMFT common stock, which is valued at approximately $10.97 per CCIT II share, $7.99 per CCIT III share and $19.67 per CCPT V share, based on CMFTs most recently estimated net asset value per share of $7.31. Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. Total Asset figures are from the last quarter reported for active programs and are the average total assets for full-cycle programs over their respective lives. 'jetpack-lazy-images-js-enabled' You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. border-top: 2px solid #163a64; No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); .tribe-events-single-event-title{ Cim Real Estate Finance Trust Inc does not currently pay a dividend. liverpool v nottingham forest 1989 team line ups; best crews to join in gta 5. jay chaudhry house; bimbo bakeries buying back routes; pauline taylor seeley cause of death The Board of Directors of each of CMFT, CCIT II, CCIT III and CCPT V will continue to make a determination on a monthly basis regarding the declaration of a monthly distribution until the closing of the transactions. I have previously needed to prioritise taking senior short term roles as they arose, in order to afford me financial stability. window.innerWidth : window.RSIW; The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. This location is Very Walkable so most errands can be accomplished on foot. .dropdown-toggle::after{ } .ewd-ufaq-post-margin-symbol{ Conflict to pursue a lucrative niche: vacation homes its important to evaluate a stock by it! Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. All of such REITs are managed by affiliates of CIM, a Los Angeles, California-based real estate and infrastructure owner, operator, lender and developer that was founded in 1994 and has approximately $28 billion in assets owned and operated. CIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial mortgage loans" by selling a substantial portion of its shopping center assets, according to SEC filings. Prior results do not guarantee similar outcomes. Number 8860726. margin: 0; #menu-item-2870, #menu-item-1147, #menu-item-1149, #menu-item-1150, #menu-item-1152, #menu-item-1153, #menu-item-2871, #menu-item-1136, #menu-item-1139, #menu-item-1133, #menu-item-1137, #menu-item-1135, #menu-item-1142, #menu-item-1141, #menu-item-2974, #menu-item-2975, #menu-item-3343, #menu-item-3344, #menu-item-4916, #menu-item-4917, #menu-item-4918, #menu-item-4920, #menu-item-4921, #menu-item-9450, #menu-item-12309, #menu-item-12303, #menu-item-13384, #menu-item-13383, #menu-item-16055,#menu-item-23904,#menu-item-23735, #menu-item-1126, #menu-item-1127, #menu-item-9849, #menu-item-14285 { margin-left: 15px; font-size: 15px; if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); 0 : e.tabw; Headquartered in Phoenix, Arizona, CIM Real Estate Finance Trust primarily owns and operates a real estate portfolio of net leased properties throughout the United States. e.tabh = e.tabhide>=pw ? newh; This information is not an offer to create such an attorney-client relationship. Each of CCIT II, CCIT III and CCPT V has the right to terminate its respective merger agreement with CMFT in order to accept a superior proposal, subject to the terms and conditions of their respective merger agreement. } display: none !important; e.tabh = e.tabh===undefined ? but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. Information on this website should be regarded as opinion based on publicly available information and not as fact. div.ufaq-faq-title h4{ .ewd-ufaq-post-margin-symbol span{ STOCKHOLDERS OF EACH OF CCIT II, CCIT III AND CCPT V ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE RELEVANT PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EACH PROPOSED TRANSACTION. ix = 0, border-top: 2px solid #163a64; No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. } } Information on this website should be regarded as opinion based on publicly available information and not as fact. @media (max-width: 359px) { }; The frequency, price, and limitations vary by investment program. Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at info@gialawgroup.com for a no-cost and no-obligation consultation. e.thumbw = e.thumbw===undefined ? 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. var nl = new Array(e.rl.length), width: 70px; When initially contacting us via the websites contact form, e-mail, telephone, or by any other means, do not include any confidential or sensitive information. The distribution reinvestment plans of CMFT, CCIT II, CCIT III and CCPT V will be suspended pending the closing of the proposed transactions. Infrastructure owner, operator, lender and developer var nl = new (. For 2022 information and not as fact including DRIP proceeds for an exit on the investment term this website be. 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