Creative Media & Community Trust issues 30,555 common shares in preferred stock redemptions at $4.35 VWAP
CMCT•Common shares issued for preferred stock redemptions
Creative Media & Community Trust issued 30,555 common shares on Sept. 9, 2026, in lieu of cash for preferred stock redemptions.
The issuance covered 1,388 Series A1 preferred shares and 4,087 Series A preferred shares, including accrued and unpaid dividends.
The conversion price was based on the 20-day VWAP before the redemption date, at about $4.35 per common share.
Outstanding redemption requests total about 12,217 Series A1 preferred shares and 9,906 Series A preferred shares.
The company can settle future redemptions in common stock or cash, with stock issuance tied to the next trading window.
