Cim Group, Manager To Cmct, Has Agreed To Fee Waiver That Is Expected To Reduce Cmct's Management Fee By Approximately 55%
05/01/2022 13:36
Jan 5 (Reuters) - CIM Commercial Trust Corp CMCT.O :
* CIM COMMERCIAL TRUST - CIM GROUP, MANAGER TO CMCT, HAS
AGREED
TO FEE WAIVER THAT IS EXPECTED TO REDUCE CMCT'S MANAGEMENT FEE
BY APPROXIMATELY 55%
* CIM COMMERCIAL TRUST CORP - FEE WAIVER TO RESULT IN $0.21
PER
SHARE OF ANNUALIZED COST SAVINGS
Source text for Eikon: ID:nBw335TdXa
Further company coverage: CMCT.O
((Reuters.Briefs@thomsonreuters.com;))