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.Â
