trending Market Intelligence /marketintelligence/en/news-insights/trending/c1tYrmgPz1YLyiL7mAatFg2 content esgSubNav
In This List

CIM Commercial Trust repurchases stock for $310M, declares special dividend

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


CIM Commercial Trust repurchases stock for $310M, declares special dividend

CIM Commercial Trust Corp. repurchased 14,090,909 shares of its common stock from a fund managed by one of its affiliates for an aggregate purchase price of $310.0 million.

The company's board also declared a special cash dividend of 73 cents per common share.

The repurchase price translates to $22.0 per share.

The dividend will be paid Jan. 11, 2018, to common shareholders on record as of Dec. 29.