Creative Media & Community Trust Corporation Announces Plan to Satisfy Preferred Stock Redemption Requests with Common Stock in 2025

Reuters

06-25

Creative Media & Community Trust Corporation Announces Plan to Satisfy Preferred Stock Redemption Requests with Common Stock in 2025

Creative Media & Community Trust Corporation has announced plans to address redemption requests for its preferred stock by converting them into shares of common stock during 2025, when legally permissible. This approach is part of the company's regular evaluation of its asset portfolio, which may lead to asset sales that could be significant for the corporation. The company has indicated that it does not expect to fulfill these redemption requests before the release of its second-quarter financial results, anticipated in early August. This strategic move aligns with the company's efforts to manage its financial obligations effectively.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Creative Media & Community Trust Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000908311-25-000048), on June 25, 2025, and is solely responsible for the information contained therein.

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