PMC Commercial Trust just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:
424B3 1 a17-20080_4424b3.htm 424B3 Filed Pursuant to Rule 424(b)(3) Registration No. 333-210880 CIM COMMERCIAL TRUST CORPORATION SUPPLEMENT NO. 9, DATED AUGUST 14, 2017, TO THE PROSPECTUS, DATED JULY 1, 2016 This prospectus supplement (this Supplement No. 9) is part of the prospectus of CIM Commercial Trust Corporation (the Company), dated July 1, 2016 (the Prospectus), as supplemented by Supplement No. 6, dated April 14, 2017 (Supplement No. 6), Supplement No. 7 , dated May 12, 2017 (Supplement No. 7), and Supplement No. 8, dated July 14, 2017 (Supplement No. 8). This Supplement No. 9 supplements certain information contained in the Prospectus. This Supplement No. 9 should be read, and will be delivered, with the Prospectus, Supplement No. 6, Supplement No. 7 and Supplement No. 8. Unless otherwise defined in this Supplement No. 9, capitalized terms used in this Supplement No. 9 shall have the same meanings as set forth in the Prospectus. The purpose of this Supplement No. 9 is to: · update the Applicable NAV, as defined in the Prospectus; and · attach as Annex A the Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 (excluding the exhibits thereto) filed with the Securities and Exchange Commission on August 9, 2017. PROSPECTUS UPDATES Estimated Net Asset Value The following disclosure replaces in its entirety the Estimated Net Asset Value section of the Prospectus: As of the date hereof, we have established an estimated NAV per share of Common Stock of $22.56. Neither FINRA nor the SEC provides rules on the methodology we must use to determine our estimated NAV per share. The determination of estimated NAV involves a number of subjective assumptions, estimates and judgments that may not be accurate or complete. We believe there is no established practice among public REITs for calculating estimated NAV. Different firms using different property-specific, general real estat
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
PMC Commercial Trust just filed a prospectus, suggesting it plans to soon issue some securities - March 16, 2018
PMC Commercial Trust Just Filed Its Annual Report: Earnings per Share (... - March 12, 2018
Registration of securities issued by real estate companies - Feb. 23, 2018