CIM Commercial Trust (CMCT) Announces $10M Share Buyback
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Creative Media & Community Trust Announces $10 Million Share Repurchase Program
May 24, 2022 8:00 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Creative Media & Community Trust Corporation (NASDAQ: CMCT) (TASE: CMCT-L) (CMCT) today announced that its Board of Directors authorized a repurchase program of up to $10 million of the Companys common stock.
CMCTs financial performance continues to improve, and we have several highly attractive premier multifamily and creative office opportunities in the portfolio, said David Thompson, CEO of CMCT. We also believe there is an opportunity to create additional value for shareholders by opportunistically repurchasing shares that are trading at a significant discount... More
