Creative Media & Community Trust Corporation said it has redeemed Series A, Series A1 and Series D preferred shares in exchange for common stock as part of a March 2026 redemption.

Creative Media & Community Trust Corporation (NASDAQ: CMCT) ("we", "our", "CMCT", or the "Company") announced today that it has redeemed approximately 1,957,823 shares of Series A Preferred Stock, par value $0.001 per share, approximately 7,734,130 shares of Series A1 Preferred Stock, par value $0.001 per share, and approximately 21,760 shares of Series D Preferred Stock, par value $0.001 per share (collectively, the "Preferred Stock"), in shares of Common Stock (the "March 2026 Redemption").

The redemption improves the Company's Funds from Operations attributable to common stockholders ("FFO")1 and balance sheet and positions shareholders to benefit from improving operating trends across the multifamily portfolio, the Los Angeles and Austin office assets and the company's one hotel. The Redemption is expected to improve CMCT's FFO by approximately $16.0 million per year2 and returns the company's capital structure back to its long-term target. As of December 31, 2025, the Company's total shareholder's equity (including preferred equity) was $265.4 million and its undepreciated common book value was $149.2 million3. After giving effect to the March 2026 Redemption, CMCT's estimated adjusted undepreciated common book value was approximately $392.0 million4, or an estimated $1.49 per share of Common Stock.

Given the company's significantly improved financial position, after the March 2026 Redemption, the company does not currently intend to redeem, at the Company's election, additional Preferred Stock in shares of Common Stock. However, the Company will evaluate redemption requests submitted by holders of Preferred Stock at the time it receives such requests and may elect to redeem those Preferred Shares in Common Stock or cash, at the Company's discretion.

http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon
COMTEX_478975060/2227/2026-05-12T02:43:57