Comstock retires Series C preferred at discount; Dwight Schar becomes ~31% shareholder; new AMA through 2035

Comstock Holding Companies, Inc.

Retired 3,440,689 Series C preferred shares (stated value $17.2M) for 1M common shares + $4M cash.
Dwight Schar to receive ~3M common shares, resulting in ~31% economic ownership for both Schar and CEO Clemente.
New 2022 AMA with Comstock Partners runs through 2035; incentive fee up to 20% of imputed profit above 8% preferred return.
Anchor Portfolio: nearly 10M sq ft, >4,000 multifamily units, office/retail, adjacent to Metro Silver/Red Lines.
Company expects predictable earnings growth from low-risk asset management model and enhanced fee structure.

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