CMCT issues 15.4M common shares to redeem preferred shares, causing dilution

Creative Media & Community Trust Corp

Issued 15,393,171 common shares to redeem 194,984 preferred shares (105,652 Series A + 89,332 Series A1) at VWAP.
Redemptions occurred Nov 1–Dec 6, 2024; stock issued instead of cash per holder requests.
Company expects to continue satisfying preferred redemptions with common shares through end of 2024.
Significant dilution for common shareholders; preferred shareholders exercised redemption rights.

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