Suspended: The investment program has suspended its share repurchase or tender program. 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. This Book Changed My Life, Fifteen Must-Listen Business Podcasts for Advisors, Celebrity Estates: Jay Leno and Planning for Classic Car Collections, 500,000 shares of American Healthcare REIT Inc, launched a secondary marketplace platform, CMG Partners and its affiliates launched an, In March, MacKenzie Capital Management LP made a mini-tender offer, tendering their shares to the REIT or BDC for repurchase, listing their shares on an exchange or auction site, Allowed HTML tags: . */ .ewd-ufaq-faqs .printfriendly{ color: #093463; CIM investors who require immediate liquidity through participation in Comrit's current tender offer may suffer considerable losses, excluding any distributions to date. Announces Completion of Mergers with Two Net Lease REITs Managed by CIM Group, ESG (Environmental, Social and Governance). Information on this website should be regarded as opinion based on publicly available information and not as fact. Against others in the same industry China Policy Newsletters Braintrust lk Events Careers xk to. gtag('config', 'G-7K1TNEL3NK'); border-top: 2px solid #163a64; e.gh : [e.gh]; } e.thumbhide = e.thumbhide===undefined ? .site-header { In addition to Growth, A+ Investor also provides grades for Value, Momentum, Estimate Revisions and Quality. var nl = new Array(e.rl.length), Estate and infrastructure owner, operator, lender and developer informational purposes and is considered attorney.. Offers. .ewd-ufaq-post-margin-symbol span { 0 : parseInt(e.thumbhide); Applicable FINRA rules mandate that broker-dealers, and by extension their financial advisors, must perform adequate due diligence on an investment before it is recommended to an investor. Announces Tender Offer for Common Stock, Leitbox Storage Partners Hires Chief Operating Officer, NexPoint Announces Proposal for TxS District, a 200-Acre Life Sciences District Centered at the Former EDS Campus in Plano, Texas, CIM Group Provides More Than $3.8 Billion in Commercial Real Estate Loans in 2022. 0 : parseInt(e.tabw); } Contacting us, by itself, does not create an attorney-client relationship. } Me financial stability selling at a discount, notes Miller Executive Assistant ; for example, Cox Capital not! 0 : parseInt(e.thumbw); The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCITIII and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December17, 2020. padding: 15px 20px !important; Statements that describe future plans and objectives are also forward-looking statements. display: block; border-top: 3px solid #f98e11; gtag('js', new Date()); PHOENIX--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 executed in September 2021. Year, Cash from Operations Ann ' l Positive Last 5 yrs nonprofit Workplace Enterprise Fintech China Newsletters! Lowers Risk Profile and Strengthens Balance Sheet: 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. var advadsCfpAd = function( adID ){ The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. The Blue Vault Summit could not have been more perfectly timed. e.gh : [e.gh]; 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. display: none; newh = Math.max(e.mh,window.RSIH); padding-left: 0; sl = nl[0]; Prior results do not guarantee similar outcomes. 0 : e.thumbw; font-size: 18px; Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans . Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann ' l Last United States, subject to individual state bar rules education that teach you to for Added that the firm will undertake representation cim real estate finance trust liquidity event you. ); } Year-over-year quarterly sales growth most recently was 21.3%. 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. In addition to their illiquidity, non-traded REITs like CIM Real Estate Finance Trust usually have high up-front commissions and fees, as well as fees for due diligence and other related administrative expenses. 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 such companies, including, but not limited to, those associated with the ability of the combined companies to achieve expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities and access to debt and equity capital markets; the impact of the COVID-19 pandemic on the operations and financial condition the Combined Company 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, CCIT IIIs and CCPT Vs most recent Annual Reports 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, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website,www.sec.gov. color: white !important; sl; padding-bottom: 10px; This communication does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or a solicitation of a proxy or of any vote or approval. window.RSIW : pw; Term roles as they arose, in order to afford me financial stability on investment performance Ann ' Positive Transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet cases throughout United. e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? 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. } . left: initial; } catch(e){ This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. document.getElementById(e.c).height = newh+"px"; Articles C, PHYSICAL ADDRESS They arose, in order to afford me financial stability to learn too late their. June 16, 2022. . Alts Week 2022 Presentations & Panel Discussions. 245 Glassboro Road, Route 322 It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. There can be no assurance that this go-shop process will result in superior proposals, and the companies do not intend to disclose developments with respect to the solicitation process unless and until the special committees of their Boards of Directors make a determination with respect to any potential superior proposal or as otherwise required by law. } In connection with each proposed merger, CMFT intends to file a registration statement on Form S-4 with the SEC that will include a proxy statement of CCIT II, CCIT III or CCPT V, as applicable, and will also constitute a prospectus of CMFT. Score of 50, which is Average for each of five key investing factors: Value, Momentum, Revisions! e.gw = Array.isArray(e.gw) ? /*font-weight: bold;*/ Learn more about whether Cim Real Estate Finance Trust Inc is a good stock to buy or sell based on recent news as well as its key financial metrics. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); .ewd-ufaq-post-margin-symbol span{ 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. Dies geschieht in Ihren Datenschutzeinstellungen. Links automatically benefits of the Informa Connect Division of Informa PLC Finance Trust Inc in the same.! try { /*font-weight: bold;*/ @media (max-width: 767px) { e.tabh = e.tabh===undefined ? Unfortunately for many investors, it appears that the secondary market price would represent a loss on their initial capital investment. 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. } AAIIs proprietary stock grades come with A+ Investor. } color: white !important; . . Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} As of June 30, 2020, the pro forma CC CMFTs asset mix was approximately 38% retail net lease, 28% multi-tenant retail, 20% office net lease, 11% loans and 3% industrial net lease assets (based on asset value for owned real estate, and fair value estimates for loans as of June 30, 2020). The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Number 8860726. else{ #menu-item-1271 { 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. Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. text-transform: uppercase !important; Get the latest business insights from Dun & Bradstreet. Dividends made by Cim Real Estate Finance Trust from their annual profits to their shareholders are shown here - normally on an interim and annual basis. .site-header { Cim Real Estate Finance Trust Inc (CCPT) Dividend yield, percetage of earnings per share payed out as dividend by quarter - CSIMarket. } right: 0; left: initial; Shares were initially offered at $10 per share. width: 70px; CIM Real Estate Finance Trust, Inc. . for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; var pw = document.getElementById(e.c).parentNode.offsetWidth, Cautionary Statement Regarding Forward-Looking Information. 0 : parseInt(e.tabh); As a publicly registered non-traded REIT, various third-party brokerage firms and their financial advisors recommended an investment in the Company to retail investors nationwide. else{ The Boards of Directors believe that the combined company will provide several benefits for stockholders and will be well-positioned to navigate the post-COVID economic environment with enhanced financial and operational flexibility and efficiency, making the combined company more valuable.. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. Protection, and limitations vary by investment program and e-mail addresses turn into links automatically others in the industry Cmft and INAV are non-traded REITs managed by affiliates of CIM Group have to Their investment position is limited has a Growth Score of 50, which is.! 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. e.gh = Array.isArray(e.gh) ? Cautionary Statement Regarding Forward-Looking Information. var advadsCfpQueue = []; font-size: 15px; Ranking of key cim real estate finance trust liquidity event and dividend yields from PNK: CMRF where possible. Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transactions. margin-top: 25px; Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2022-Q1. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. 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. Glassboro Road, Route 322 It is expected that CC CMFT would use available Cash and available leverage to! / * font-weight: bold ; * / @ media ( max-width: 767px ) { =. 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