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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?

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 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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Matthew C. Strife
Blue Vault Services
April 11, 2016

Blue Vault's services are without question great resources for the review of the nontraded products offered.