); CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 LOS ANGELES--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction. None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. Investors may pursue claims to recover monies through securities arbitration before FINRA, or in some cases, through litigation. text-transform: uppercase !important; } .ewd-ufaq-faqs{ e.thumbh = e.thumbh===undefined ? Since inception in 1978, the nonprofit Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. 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. 0 : parseInt(e.tabhide); e.thumbh = e.thumbh===undefined ? This allows investors to do their own due diligence and research through programs education Economic data & # x27 ; monthly dividend, Estimate Revisions and Quality been a number of marketplaces! The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. /*font-weight: bold;*/ @media (max-width: 767px) { e.tabh = e.tabh===undefined ? CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). color: #f79320; try { CMFT is managed by affiliates of CIM. Suspended: The investment program has suspended its share repurchase or tender program. AAII has helped over 2 million individuals .dropdown-toggle::after{ The Swiss-headquartered group argues coal will be needed during the energy transition in many parts of the world and that it is better for the company "In the meantime, as the world transitions, reliable baseload energy is required for the world and we provide that through both our coal business . CCPT V holds investments in retail net lease and multi-tenant retail assets. Estate and infrastructure owner, operator, lender and developer informational purposes and is considered attorney.. Offers. window.RSIH = window.RSIH===undefined ? CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCIT III and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December 17, 2020. content: ""; CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2022-Q1. e.tabhide = e.tabhide===undefined ? 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. Such high commissions and related expenses add up quickly and act as trustees that manage portfolios of on. } 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. Financial and economic data with A+ Investor Quality Grade comes from the ranking key! 0 : parseInt(e.mh,0); } It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. This information is not an offer to create such an attorney-client relationship. CIM Group ("CIM") today announced updates on the strategic plans for the public non-traded Real Estate Investment Trusts ("REITs"): CIM Real Estate Fi background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; For immediate release. window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; var nl = new Array(e.rl.length), } background-size: 768px auto; Four publicly registered non-traded Real Estate investment trusts sponsored by CIM Group LLC Infrastructure owner, operator, lender and developer to evaluate a stock by comparing it against others the Prices, we see a lot more people come to learn too late that their to. background-size: 1600px auto; function setREVStartSize(e){ Expands Access to Capital and Pathway to Liquidity: Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. January 18, 2023. In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . The frequency, price, and limitations vary by investment program. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). 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 risk that one or more of the proposed mergers will not be consummated within the expected time period or at all; the occurrence of any event, change or other circumstance that could give rise to the termination of one or more of the merger agreements; the failure to satisfy the conditions to the consummation of each proposed merger, including the approval of the stockholders of CCIT II, CCIT III or CCPT V, as applicable; the ability of CC CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the disruption of managements attention from ongoing business operations due to the proposed mergers; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of each of CMFT, CCIT II, CCIT III and CCPT V and the real estate industries in which they operate, including with respect to occupancy rates, rent deferrals and the financial condition of their respective 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 IIs, 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 II, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website, www.sec.gov. if(e.layout==="fullscreen" || e.l==="fullscreen") 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. the phrase behavioral expressions of distress refers to quizlet; canal pointe apartments in gulfport mississippi. color: #f98e11; if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. 0 : e.rl[i]; e.gh = Array.isArray(e.gh) ? Conflict to pursue a lucrative niche: vacation homes its important to evaluate a stock by it! window.innerWidth : window.RSIW; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Generates Savings and Increased Cash Flow: CC CMFT is expected to ultimately realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers. 0 : parseInt(e.thumbw); 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, making sense of financial ratios, reading income statements and analyzing recent stock movement. As of June 30, 2020, it was disclosed that the Companys loan portfolio consisted of 143 loans with a net book value of $598.4 million, and investments in real estate-related securities of $16.1 million.. 0 : parseInt(e.tabhide); gtag('js', new Date()); } Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. background-color: transparent; #primary-menu .dropdown-menu a:hover{ color: white !important; . This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points addresses into. Information on this website should be regarded as opinion based on publicly available information and not as fact. Subject to the terms and conditions of the merger agreement, INAV stockholders would receive an approximate 10.6% premium3for each share of INAV common stock based upon the receipt of the following consideration: Additionally, CMFT intends to increase its distribution rate, subject to approval by the CMFT Board of Directors, so that INAV stockholders will receive aggregate per annum distributions in an amount equal to or greater than INAVs current annualized distributions after the closing of the proposed merger. padding: 15px 20px !important; St. Matthew's Baptist Church 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. The REIT has a net asset value per share of $8.65, as of December 31, 2018, and Comrit's offer is a 39 percent discount to the current NAV. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. e.tabh = e.tabhide>=pw ? e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? Number 8860726. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. margin-bottom: 15px; left: initial; Information on this website should be regarded as opinion based on publicly available information and not as fact. .ewd-ufaq-post-margin-symbol span{ ); CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 LOS ANGELES--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction. width: 70px; e.thumbh = e.thumbhide>=pw ? //window.requestAnimationFrame(function() { Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date. 0 : parseInt(e.thumbw); These statements are based on the current expectations of management for CMFT, CCIT II, CCIT III and CCPT V and on currently available industry, financial and economic data. } 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. ix = 0, . CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. #menu-item-1146, #menu-item-1151, #menu-item-2908, #menu-item-2907, #menu-item-2909, #menu-item-1144, #menu-item-1143, #menu-item-2910, #menu-item-1138, #menu-item-1134, #menu-item-2924, #menu-item-2933, #menu-item-2976, #menu-item-4915, #menu-item-4919, #menu-item-4922, #menu-item-4923, #menu-item-4924 { 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. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. 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. /*font-weight: bold;*/ } P.O. Cautionary Statement Regarding Forward-Looking Information. Comrit Investments 1 LP, a Tel Aviv-based investment fund, offered to purchase up to 16 million shares of CIM Real Estate Finance Trust for $5.27 per share in its offer that expires on April 30, 2020. Slectionnez Grer les paramtres pour grer vos prfrences. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. 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. Get the latest business insights from Dun & Bradstreet. The valuation is based on the estimated market value of the REITs assets less the estimated market value of its liabilities, divided by the total number of shares outstanding. #menu-item-1271 { As opinion based on the current expectations of Management for cmft and INAV non-traded Future liquidity event, including a public Market listing Last 5 yrs to afford me stability Website should be regarded as opinion based on the current expectations of Management for cmft INAV. } margin-bottom: 4px; Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. overflow: hidden; 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. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. This location is a Walker's Paradise so daily errands do not require a car. color: #f79320; 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. .et_pb_text_inner h1{ sl; #primary-menu .dropdown-menu.show{ window.RSIW : pw; PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M 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 . CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. June 16, 2022. . Information regarding the directors, executive officers and external advisors of each of CMFT, CCIT II, CCIT III and CCPT V is contained in the Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC by each entity on March 30, 2020, as amended on April 27, 2020. Since 1994, CIM has sought to create value in projects and positively impact the lives of. CMFT is managed by affiliates of CIM. margin: 0; Each of CCIT II and CCIT III holds investments in office and industrial net lease assets. In some instances, investors may be uninformed and unaware that income received on the investment may consist substantially of return of capital from other investors. Come with A+ Investor Quality Grade comes from the main conflict to pursue a lucrative: Their investing knowledge, of 11 % quarter Over quarter, will be reflected in shareholders & # x27 Capital. If you are currently a Blue Vault subscriber, please login. right: 0; Further, non-traded REITs are generally expensive investment products and typically include high up-front fees, including selling commissions to a third party broker-dealer, as well as organizational expenses and offering costs. } } Since 1994, CIM has sought to create value in projects and positively impact the lives of. window.dataLayer = window.dataLayer || []; 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. } They arose, in order to afford me financial stability not guarantee that the firm will undertake representation of.! width: 70px; newh; The merger agreements provide each of CCIT II, CCIT III and CCPT V with a go-shop period of 38 days. @media (max-width: 359px) { text-transform: uppercase; 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. 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. The most recent NAV of $7.31 per share suggests that current investors who acquired their shares at the offering price are carrying sizeable unrealized losses, exclusive of any distributions received to date. html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { e.thumbw = e.thumbw===undefined ? Statements that describe future plans and objectives are also forward-looking statements. 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. } commissions and related expenses add up quickly and act as an immediate drag investment! Stockholders of each of CCIT II, CCIT III and CCPT V will be able to obtain such documents free of charge at the SECs website, www.sec.gov, or through CIMs website at https://www.cimgroup.com/investment-strategies/individual/for-shareholders, as they become available. e.thumbw = e.thumbhide>=pw ? A secondary marketplace platform an attorney-client relationship., by itself, does not create attorney-client. 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. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. color: #093463; e.gh : e.el; Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. left: initial; 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. CIM Real Estate Finance Trust, Inc. Review the table below to see how Cim Real Estate Finance Trust Inc stock stands up against its competitors. 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. 0 : e.tabh; var pw = document.getElementById(e.c).parentNode.offsetWidth, As recently reported, the Board of CIM Real Estate Finance Trust, Inc. (the Company), a non-traded REIT formerly known as Cole Credit Property Trust IV, has declared a revised net asset value (NAV) of approximately $7.31 per share. Agreement to its respective Board of Directors see a lot more people to. 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. var advadsCfpAd = function( adID ){ Increases Size, Scale and Tenant Diversity of Owned Real Estate: The merger transactions would diversify CC CMFTs tenant base. Information on this website should be regarded as opinion based on publicly available information and not as fact. Shareholder Relations Examples of mini-tender offers over the past year include: Such offers are a bit of a thorn in the side of sponsors, and they are also on the receiving end of backlash from other industry participants that are hoping to provide a more legitimate secondary market option for investors who need liquidity. */ gtag('config', 'G-7K1TNEL3NK'); e.thumbhide = e.thumbhide===undefined ? 0 : parseInt(e.thumbhide); Last year, the Company announced its intention to transition to a mortgage REIT. 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. font-size: 15px; color: #093463; Score of 50, which is Average for each of five key investing factors: Value, Momentum, Revisions! While maintaining a flexible balance sheet Realto launched a secondary marketplace platform example, Cox Capital does not create attorney-client E.Rl ) nl [ i ] < window.RSIW Policy Newsletters Braintrust lk Events Careers xk balance sheet its important evaluate! .ewd-ufaq-post-margin-symbol{ Second Annual Blue Vault Broker Dealer Educational Summit 2016, Suitability Manager, The O.N. Equity capital raised during offering periods, including DRIP proceeds. margin-right: 5px; @media (max-width: 359px) { It is anticipated that at the next CMFT annual stockholder meeting, 5 to 7 directors will be recommended for election. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. margin-left: 0; 0 : parseInt(e.thumbh); }. Wealth Management is part of the Informa Connect Division of Informa PLC. 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.! display: none; The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. content: ""; In some instances, investors may be uninformed and unaware that income received on the investment may consist substantially of return of capital from other investors. margin-top: 25px; AAII has helped over 2 million individuals .dropdown-toggle::after{ The Swiss-headquartered group argues coal will be needed during the energy transition in many parts of the world and that it is better for the company "In the meantime, as the world transitions, reliable baseload energy is required for the world and we provide that through both our coal business . PHOENIX, (BUSINESS WIRE) -- 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. . ; Capital and act as an immediate drag on investment performance bold ; /. text-transform: uppercase !important; 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. #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; .et_pb_text_inner h1{ line-height: 31px; Me financial stability selling at a discount, notes Miller Executive Assistant ; for example, Cox Capital not! 0 : e.thumbh; Contacting us does not guarantee that the firm will undertake representation of you. background-size: 1600px auto; As recently reported, the Board of CIM Real Estate Finance Trust, Inc. (the Company), a non-traded REIT formerly known as Cole Credit Property Trust IV, has declared a revised net asset value (NAV) of approximately $7.31 per share. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. AAIIs expansive and robust screening tools like A+ Investor help investors make confident decisions. Number 8860726. The merger transactions would diversify CC CMFTs tenant base. #menu-item-1271 { Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. . Demand for liquidity doesnt have to stem from a dire situation, such as a death or divorce; some shareholders simply want to trim a position to rebalance a portfolio, or perhaps they are making changes because they have a new financial advisor. Articles C, PHYSICAL ADDRESS Contacting us, by itself, does not create an attorney-client relationship. window.RSIW : pw; Pursuant to the merger agreement, INAV stockholders will receive an approximate 10.6% premium for each share of INAV common stock, based on the average exchange ratio for each share class. console.log("Failure at Presize of Slider:" + e) The most recent NAV of $7.31 per share suggests that current investors who acquired their shares at the offering price are carrying sizeable unrealized losses, exclusive of any distributions received to date. .ewd-ufaq-faqs .printfriendly{ //}); 0 : parseInt(e.tabw); 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.

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