Creative Media · NASDAQ:CMCT
Creative Media — CIM Commercial Trust — IPO Roadshow (November 2017)
9 slides from Creative Media's IPO roadshow presentation, Nov 17, 2017
Slide 1: Important Disclosures: Free Writing Prospectus
I M P O R T A N T D I S C L O S U R E S Free Writing Prospectus CIM Commercial Trust Corporation (the “Company” or “CMCT”) has filed a registration statement (including a prospectus) on Form S-11 (No. 333-218019) with the U.S. Securities and Exchange Commission (the “SEC”) and with the Israel Securi
Slide 2: Forward-Looking Statements
You may also access the prospectus for free on the SEC website at www.sec.gov at https://www.sec.gov/Archives/edgar/data/908311/000104746917006540/a2233623zs-11a.htm and on the Magna website at www.magna.isa.gov.il under the Company’s name. Forward-Looking Statements The information set forth herein
Slide 3: CIM Commercial Trust (CMCT) Overview
– 8,600 hotel rooms 640+ employees (15 principals including all of its founders; 360+ professionals)1 Headquartered in Los Angeles, with offices in the San Francisco Bay Area, New York, NY, Washington, D.C. Metro Area and Dallas, TX CMCT’s manager, an affiliate of CIM Group, has a 20+ year proven tr
Slide 4: Current and Target Capital Structure
– Unencumbered real estate asset pool fair value of $674M, approximately 43% of total fair value of investments in real estate1 Target capital structure: 45% common equity, 25% preferred equity and 30% debt – CURRENT CAPITAL STRUCTURE1 TARGET CAPITAL STRUCTURE Common Equity; 45% P referred Equity, <
Slide 5: Series L Preferred Stock – The Offering and Dividends
S E R I E S L P R E F E R R E D S T O C K – T H E O F F E R I N G Exchange Rate1 S E R I E S L P R E F E R R E D S T O C K – D I V I D E N D S Annual dividend: 5.50% – Payments will begin in January 2019 Any deferred dividends are cumulative If at any time distributions on the Series L Preferr
Slide 6: Series L Preferred Stock – Subordination, Seniority and Other Features
S E R I E S L P R E F E R R E D S T O C K – S U B O R D I N A T I O N A N D S E N I O R I T Y Series L Stated Value is senior to Common Stock – Unpaid and accrued distributions on the Series L Preferred Stock are junior to the Initial Dividend with respect to the payment of distributions including
Slide 7: Series L Preferred Stock – Redemption Rights
S E R I E S L P R E F E R R E D S T O C K – R E D E M P T I O N R I G H T S Each holder and CMCT has the right to redeem shares of Series L Preferred Stock on a quarterly basis beginning 5 years following the closing day of the offering of the Series L Each holder may redeem shares of the Series L
Slide 8: Important Disclosures: Assets and Equity Under Management
I M P O R T A N T D I S C L O S U R E S Assets and Equity Under Management Assets Under Management (“AUM”) represents (i)(a) for real assets, the aggregate total gross assets (“GAV”) at fair value, including the shares of such assets owned by joint venture partners and co-investments, of all of CIM’
Slide 9: Free Writing Prospectus
Free Writing Prospectus Filed Pursuant to Rule 433 Dated November 17, 2017 Registration Statement No. 333-218019 FREE WRITING PROSPECTUS CIM Commercial Trust Corporation (the “ Company ” or “ CMCT ”) has filed a registration statement (including a prospectus) on Form S-11 (No. 333-218019) with the U