); 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. The DI Wire is the definitive news source for the illiquid alternative investment industry. }. Radio 2 Listening Figures Per Show, document.documentElement.classList.add( margin-left: 0; Further, investors who seek to sell their shares on a secondary market often must do so at a very disadvantageous price that is well below any assigned NAV. 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 . e.thumbw = e.thumbhide>=pw ? background-color: transparent; AAIIs proprietary stock grades come with A+ Investor. } .menu-item-1122 .dropdown-menu{ 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. 'jetpack-lazy-images-js-enabled' 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. 0 : e.tabw; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transactions. Alts Week 2022 Presentations & Panel Discussions. .ewd-ufaq-faqs{ Nous, Yahoo, faisons partie de la famille de marques Yahoo. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} e.tabhide = e.tabhide===undefined ? Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. } Since 1994, CIM has sought to create value in projects and positively impact the lives of. Unlike stocks or ETFs, which can be readily sold and resold on a deep and liquid national securities exchange, an investment in a non-traded REIT such as CIM Real Estate Finance Trust cannot be easily exited. gtag('config', 'G-7K1TNEL3NK'); 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. Cash from Operations Ann ' l Positive Last 5 yrs information contained this! #primary-menu .dropdown-menu.show{ In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at [email protected] for a no-cost and no-obligation consultation. 0 : parseInt(e.thumbw); Cautionary Statement Regarding Forward-Looking Information. if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } The distribution reinvestment plans of CMFT, CCIT II, CCIT III and CCPT V will be suspended pending the closing of the proposed transactions. ix = 0, 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 . 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. All CC CMFT stockholders may elect to participate in CMFTs distribution reinvestment plan when resumed. /*font-weight: bold;*/ @media (max-width: 767px) { e.tabh = e.tabh===undefined ? https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. 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. ); 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. 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. e.tabw = e.tabhide>=pw ? Information on this website should be regarded as opinion based on publicly available information and not as fact. 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.. right: 0; 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. Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. text-transform: capitalize !important; padding: 0 25px; display: block; .dropdown-toggle::after{ Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. for (var i in e.rl) nl[i] = e.rl[i]