CIM Group is studying whether to dissolve the REIT side of its business as it explores a recapitalization of its stock, according to a Securities and Exchange Commission filing published Friday. The Los Angeles-based firm, which trades on the NASDAQ as CMCT, announced “an intent to dissolve” CIM REIT, which holds 95 percent of the firm’s outstanding common stock. Any shares of CMCT stock held by the REIT would be distributed to the REIT’s 27 […]
source https://therealdeal.com/la/2018/10/05/cim-group-looking-to-dissolve-its-reit-business/#new_tab
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