November 12, 2020
How did CIM Real Estate Finance Trust, Inc. (“CMFT”) increase the number of shares to be issued to Cole Office & Industrial REIT III, Inc. (“CCIT III”) shareholders in the proposed merger with CMFT?

Answer: The previous conversion ratio was 1.093 shares of CMFT's common stock per share of CCIT III. The latest proposed conversion ratio, as of...

How did CIM Real Estate Finance Trust, Inc. (“CMFT”) increase the number of shares to be issued to Cole Office & Industrial REIT III, Inc. (“CCIT III”) shareholders in the proposed merger with CMFT?

Answer: The previous conversion ratio was 1.093 shares of CMFT’s common stock per share of CCIT III. The latest proposed conversion ratio, as of 11/9/20, is 1.098 shares of CMFT’s common stock per each share of issued and outstanding CCIT III common stock. 

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