Corporate ActionJun 17, 2026, 05:01 PM
Creative Media & Community Trust Issues Common Stock for Preferred Redemptions
AI Summary
Creative Media & Community Trust Corporation issued common stock on May 12, May 28, and June 15, 2026, in lieu of cash for the redemption of Series A1 and Series A Preferred Stock. These redemptions were requested by preferred stockholders. The conversion price for the common stock was based on the 20-trading day VWAP preceding each redemption date, ranging from approximately $4.30 to $6.36 per share.
Key Highlights
- Issued 4,418, 68,971, and 26,210 common shares for Series A1 Preferred redemptions on May 12, May 28, and June 15, 2026.
- Redeemed 1,200, 16,000, and 4,835 Series A1 Preferred shares on the respective dates.
- Issued 26,992, 19,296, and 162,792 common shares for Series A Preferred redemptions on May 12, May 28, and June 15, 2026.
- Redeemed 6,952, 4,221, and 28,093 Series A Preferred shares on the respective dates.
- Conversion prices were approximately $6.36, $5.41, and $4.30 per common share on May 12, May 28, and June 15, 2026.
Price Impact
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