CMCT redeems ~4.8M preferred shares, to issue common stock in Series A/A1 redemptions

Creative Media & Community Trust Corp

Redemption of approx. 2.2M shares of Series A Preferred and approx. 2.6M shares of Series A1 Preferred.
Redemption price to be paid in shares of common stock; exact number based on 20-day VWAP before redemption date.
Issuance of common stock exempt from registration under Securities Act Section 3(a)(9).
Common shares issuable not currently determinable due to VWAP calculation.

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