MarketPR

CMCT logs three preferred-to-common conversions in August and September as VWAP conversion price climbs to $4.55

9/7/2026

Three consecutive preferred stock redemptions at Creative Media & Community Trust Corporation ($CMCT, Nasdaq) produced 239,147 new common shares across August and early September 2026, per a September 4 8-K filed with the SEC.

Holders of Series A and Series A1 Preferred Stock requested each round, and the Maryland-incorporated company, headquartered at 4700 Wilshire Boulevard in Los Angeles, settled all three in common equity rather than cash.

The VWAP-based conversion price, set over the 20 trading days immediately preceding each redemption date as defined in the company's charter, stepped from approximately $3.98 per share on August 19 to $4.55 by September 2.

How the three tranches stacked up The August 19 event arrived first.