SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. width: 70px; PHOENIX, December 16, 2021--CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. About CIM Real Estate Finance Trust, Inc. CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. e.gh : e.el; The valuation is based on the estimated market value of the REITs assets less the estimated market value of its liabilities, divided by the total number of shares outstanding. CMFT invests in senior secured loans and credit leases. margin-bottom: 15px; Actual results may vary materially from those expressed or implied by the forward-looking statements, which are subject to a number of risks and uncertainties, many of which are out of the control of such companies, including, but not limited to, those associated with the ability of the combined companies to achieve expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities and access to debt and equity capital markets; the impact of the COVID-19 pandemic on the operations and financial condition the Combined Company and the real estate industries in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of its tenants; general financial and economic conditions, which may be affected by government responses to the COVID-19 pandemic; legislative and regulatory changes; and other factors, including those set forth in the section entitled Risk Factors in CMFTs, CCIT IIIs and CCPT Vs most recent Annual Reports on Form 10-K, as amended, and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (SEC), and other reports filed by CMFT, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website,www.sec.gov. You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. var advadsCfpAd = function( adID ){ Announces Merger Agreement with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). It believes that there is significant latent value within SIGT's portfolio, and due to wide disparities in the market, there are . Further, non-traded REITs are generally expensive investment products and typically include high up-front fees, including selling commissions to a third party broker-dealer, as well as organizational expenses and offering costs. Further, by joining A+ Investor you can see whether Cim Real Estate Finance Trust Incs stock passes any of our 60+ stock screens that have outperformed the market since their creation. Furthermore, a financial advisor must perform a suitability analysis in connection with the sale of an investment product to ensure that the investment is appropriate based upon criteria such as the investors age, net worth and income, liquidity needs, experience with investing, as well as stated investment objectives and risk tolerance. Summit 2023; Alts Week 2022 Presentations & Panel Discussions; BV Webinars; BV Past Webinars; Industry Events; Podcasts; Resources. A number of opportunistic investment groups have been trying to capitalize on the illiquidity within the real estate alts sector with unsolicited mini-tender offers (less than 5%of company shares) to buy shares, often at bargain basement prices. Statements that describe future plans and objectives are also forward-looking statements. The merger transactions could also better position it for a future liquidity event, including a public listing. @media (max-width: 359px) { . color: #093463; #menu-item-1271 { border-top: 3px solid #f98e11; 9/22/2021. Brian King at Realto Capital describes MacKenzie Capital and others as taking a vulture-like approach that takes advantage of unsuspecting retail investors by A) painting a worst-case scenario for shareholders; B) offering a low-ball price and C) giving them a very short window to act nowjust like a late-night infomercial. Another point of contention is that third-party tender firms are circumventing financial advisors and going right to shareholders, who may not be sophisticated real estate investors. MacKenzie Capital could not be reached for comment. Year-over-year quarterly sales growth most recently was 21.3%. window.RSIW : pw; The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCIT III and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December 17, 2020. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a companys Growth Score to create an equal distribution of grades. color: #f98e11; .ewd-ufaq-post-margin-symbol{ Digital Media Kit; . 0 : e.tabh; We encourage investors to do their own due diligence and research through programs of education that teach you to invest for yourself. background-size: 360px auto; left: initial; }; 0 : e.tabw; When initially contacting us via the websites contact form, e-mail, telephone, or by any other means, do not include any confidential or sensitive information. CMFT is managed by affiliates of CIM. This information is not intended to create, and receipt of this information does not constitute, an attorney-client relationship between you and Giarrusso Law Group LLC or any of its attorneys. Lastly, its important to evaluate a stock by comparing it against others in the same industry. Prior results do not guarantee similar outcomes. .ewd-ufaq-faqs{ For more information, visitwww.cimgroup.com. Financial System Trends: The Monetary Policy Committee (MPC) raised the monetary policy rate and the cash reserve ratio, cumulatively, by 500 basis points to 16.5 per cent and 32.5 per cent, respectively as a way of enforcing liquidity tightening measures to curb rising inflation. CIM Real Estate Finance Trust is expected to realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers, the company said. The team at Seneca Investment Managers aims to generate average total returns of at least CPI +6% pa over the course of a typical investment cycle. CIM Real Estate Finance Trust Inc. on Dec. 21 finalized its stock-for-stock mergers with Cole Office & Industrial REIT (CCIT III) Inc., or CCIT III, and Cole Credit Property Trust V Inc., or CCPT V. All three nontraded real estate investment trusts are managed by CIM Group LLC affiliates. xh . I think almost everybody in the industry would agree that there is a need for liquidity options for investors. Following a big year of fundraising last year, real estate alternative investment vehicles, such as nontraded REITs and business development companies (BDCs), have been posting more record inflows in 2022. You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. This communication may be deemed to be solicitation material in respect of the proposed merger of INAV with CMFT. This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . Wealth Management is part of the Informa Connect Division of Informa PLC. One example of a secondary marketplace that has been around for several years is Central Trade & Transfer. CCITIII stockholders will receive 1.098 shares of CMFT stock for each CCITIII share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. e.thumbhide = e.thumbhide===undefined ? The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered Very Weak, while those in the top 20% receive A grades, which are considered Very Strong. The American Association of Individual Investors is an independent, nonprofit corporation formed for the purpose of assisting individuals in becoming effective managers of their own assets through programs of education, information and research. 0 : parseInt(e.thumbh); } The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? background-size: 768px auto; .tribe-events-single-event-title{ CIM Real Estate Finance Trust was launched in January 2012, raising more than $3 billion in investor capital prior to its offering closing in April 2014. . The Earnings Estimate Revisions Grade takes into account the magnitude of a companys earnings surprise in its last two reported fiscal quarters. CIM Real Estate Finance Trust Inc. (CMFT), Cole Office & Industrial REIT Inc. (CCIT II), Cole Office & Industrial REIT Inc. (CCIT III), and Cole Credit Property Trust V Inc. (CCPT V), four publicly registered non-traded real estate investment trusts sponsored by affiliates of CIM Group, have agreed to merge in separate stock-for-stock transactions, with CIM Real Estate Finance Trust as the surviving entity. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too). We list all the recent dividend announcements and dividend yields from PNK: CMRF where possible. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . Subject to the terms and conditions of the merger agreement, INAV stockholders would receive an approximate 10.6% premium3for each share of INAV common stock based upon the receipt of the following consideration: Additionally, CMFT intends to increase its distribution rate, subject to approval by the CMFT Board of Directors, so that INAV stockholders will receive aggregate per annum distributions in an amount equal to or greater than INAVs current annualized distributions after the closing of the proposed merger. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger . Over the years, there have been a number of secondary marketplaces that have launched and failed. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. .woocommerce-product-gallery{ opacity: 1 !important; } CIMs diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. Following the onset of the COVID-19 pandemic and the related economic impact of shutdowns, each of CMFT, CCIT II, CCIT III, and CCPT V undertook comprehensive reviews of their businesses and prospects and concluded that greater scale, tenant diversity, asset type diversity, financial strength and fund raising flexibility would best position each of them to thrive in a post-pandemic economic environment, said Richard Ressler, principal and co-founder of CIM Group. This communication does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or a solicitation of a proxy or of any vote or approval. gtag('js', new Date());
newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8billion in total asset value and a net asset value (NAV) of $2.6billion, based upon the companies respective June30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. line-height: 31px; The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. For immediate release. This information is not intended to create, and receipt of this information does not constitute, an attorney-client relationship between you and Giarrusso Law Group LLC or any of its attorneys. To help individual investors decide whether or not to buy (CMRF) stock, AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way that is suitable for investors of all knowledge levels. The Company expects to provide an updated 5-year outlook in Q1 2023 upon completion of ongoing Project Honeypot . //}); Learn more about whether Cim Real Estate Finance Trust Inc is a good stock to buy or sell based on recent news as well as its key financial metrics. Cautionary Statement Regarding Forward-Looking Information. Unfortunately, some investors in CIM Real Estate Finance Trust may have been induced into making an unsuitable investment in the Company, or otherwise misled into investing without being adequately advised as to the investments risk components. ); .site-header { At the effective time of the CCIT III . PHOENIX, December 16, 2021-CIM Real Estate Finance Trust, Inc. announced today it has acquired CIM Income NAV, Inc. in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. Go Back. Event Calendar SGU's Profile Stock Price SGU's Financials Business Description Fundamentals Charts & Quotes SGU's News Suppliers SGU's Competitors e.tabw = e.tabhide>=pw ? In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment sponsor, or perhaps sell shares on a fragmented and inefficient secondary market. CIM Real Estate Finance Trust is expected to realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers, the company said. INAV holds investments in office, industrial and retail assets. Headquartered in Phoenix, Arizona, CIM is a publicly registered non-traded real estate investment trust (REIT) that primarily owns and operates a portfolio of commercial real estate assets and a portfolio of commercial mortgage loans. This information should not be relied upon or construed as legal advice. } It is anticipated that five to seven directors will be recommended for election. By offering higher prices, we see a lot more people come to the table for more differentiated reasons, says Cox. As of June 30, 2020, the proposed combined companys asset mix was approximately 38 percent retail net lease, 28 percent multi-tenant retail, 20 percent office net lease, 11 percent loans, and 3 percent industrial net lease. CCIT III stockholders will receive 1.098 shares of CMFT stock for each CCIT III share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. var nl = new Array(e.rl.length),
From time to time, there are some shareholders who become desperate for liquidity for a variety of reasons, whether it is a divorce, death or some other unforeseen event. In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. newh = Math.max(e.mh,window.RSIH); CIM Real Estate Finance Trust, Inc. ("CMFT") CIM Income NAV, Inc. ("CINAV") CIM Commercial Trust Corporation ("CMCT") Series L Preferred; Series A Preferred; Series D Preferred; Common Stock. Oftentimes, they are thrilled to take any available offer because there are no other options to access quick liquidity, even if they feel that the offer doesnt represent a fair price, notes Cox. function setREVStartSize(e){ Whether or not you should buy Cim Real Estate Finance Trust Inc stock will ultimately depend on your individual goals, risk tolerance and allocation. if(e.layout==="fullscreen" || e.l==="fullscreen") CIMs board recently announced a post-merger net asset value (NAV) of $7.20 per share for the Companys common stock, valued as of March 31, 2021. In addition to Growth, A+ Investor also provides grades for Value, Momentum, Estimate Revisions and Quality. color: white !important; Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. Access global real estate's most influential events and network. The Merger is intended to qualify as a "reorganization" under, and within the meaning of, Section 368(a) of the Internal Revenue Code of 1986, as amended (the "Code"). Contacting us does not guarantee that the firm will undertake representation of you. As recently reported, the Board of CIM Real Estate Finance Trust, Inc. (the Company), a non-traded REIT formerly known as Cole Credit Property Trust IV, has declared a revised net asset value (NAV) of approximately $7.31 per share. font-size: 15px; These conversations are paramount, especially in a time of significant regulatory change. CC CMFT equity value assumes a 10.6% premium paid in consideration on all INAV shares outstanding as of 7/31/2021. Where it becomes a debate is what is a fair discount? says A. Yoni Miller, co-founder of QuickLiquidity, a direct lender for commercial real estate investors that have trapped equity. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. Prior results do not guarantee similar outcomes. margin: 0; Four CIM REITs Plan to Merge to Create $5.9 Billion REIT, Click here to subscribe to our Daily News Updates, Capital Square Expands Executive Team with Two New Hires, Go Store It Buys Vacant Sams Club in South Carolina OZ for Self-Storage Conversion, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. Ultimately, what we want to do is do away with these third-party tender offer firms that are really taking advantage and providing unfair values, says Stephan. window.dataLayer = window.dataLayer || [];
Private real estate vehicles have struggled to develop a secondary marketplace. Specifically, the Quality Grade is the percentile rank of the composite return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and FScore. For example, Cox Capital does not make unsolicited offers. var advadsCfpQueue = []; text-transform: uppercase; build their investment wealth through window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; Learn More, 2023 American Association of Individual Investors. display: none; NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (), today announced the Company will hold a conference call to review its fourth quarter and full year 2022 financial results on Thursday, February 9, 2023 at 10:00 a.m. Eastern Time.The Company's fourth quarter and full year 2022 financial results will be released after . margin-right: 5px; padding-bottom: 10px; The Swiss-headquartered group argues coal will be needed during the energy transition in many parts of the world and that it is better for the company "In the meantime, as the world transitions, reliable baseload energy is required for the world and we provide that through both our coal business . As a non-traded REIT, CIM is an illiquid investment product, meaning that shares cannot readily be sold on a national securities exchange. sl; January 18, 2023. Read on to find out how (CMRF) grades on certain investment factors and determine whether it meets your investment needs. This Book Changed My Life, Fifteen Must-Listen Business Podcasts for Advisors, Celebrity Estates: Jay Leno and Planning for Classic Car Collections, 500,000 shares of American Healthcare REIT Inc, launched a secondary marketplace platform, CMG Partners and its affiliates launched an, In March, MacKenzie Capital Management LP made a mini-tender offer, tendering their shares to the REIT or BDC for repurchase, listing their shares on an exchange or auction site, Allowed HTML tags: . Mini-tenders have been a thorn in the side of nontraded REIT sponsors, and they are also on the receiving end of backlash from other industry participants. e.tabw = e.tabw===undefined ? } } As of March 31, 2021, CIM had total assets of over $5 billion and total liabilities of nearly $2.5 billion, as compared to total assets of approximately $4 billion and liabilities of nearly $1.8 billion as of June 30, 2020. The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. window.innerWidth : window.RSIW; CMFT is managed by affiliates of CIM. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); Stocks, bonds and mutual funds are offered through Manulife Securities Incorporated. 0 : e.thumbw;
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