CIM Commercial Trust (CMCT) Announces $10M Share Buyback
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/1/2026
- Wall St futures kick off September under pressure as yields, oil prices rise
- Oil up around 2% as renewed US-Iran strikes stoke supply fears
- The Warsh pivot markets didn't expect
- Oil settles up by more than 2.5% as US and Iran resume military attacks
- Energy stocks rally as fresh U.S.-Iran attacks drive oil prices higher
Creative Media & Community Trust Announces $10 Million Share Repurchase Program
May 24, 2022 8:00 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Creative Media & Community Trust Corporation (NASDAQ: CMCT) (TASE: CMCT-L) (CMCT) today announced that its Board of Directors authorized a repurchase program of up to $10 million of the Companys common stock.
CMCTs financial performance continues to improve, and we have several highly attractive premier multifamily and creative office opportunities in the portfolio, said David Thompson, CEO of CMCT. We also believe there is an opportunity to create additional value for shareholders by opportunistically repurchasing shares that are trading at a significant discount... More
