Item 8.01 Other Events.
Distributions
On January 25, 2022, the board of directors (the "Board") of CIM Real Estate
Finance Trust, Inc. (the "Company") authorized distributions for the months of
January, February and March of 2022 of $0.0305 per share of the Company's common
stock to the holders of record as of the record date for each monthly
distribution. The record date for the January distribution is January 28, 2022,
the record date for the February distribution is February 24, 2022, and the
record date for March is March 29, 2022. This distribution will be paid in cash
or reinvested in shares of the Company's common stock for stockholders
participating in the Company's distribution reinvestment plan. This distribution
rate equates to an approximate 5.1% annualized yield based on the March 31, 2021
midpoint NAV per share. The rate increase from $0.0303, which had been the
Company's monthly distribution rate since September 2020, to $0.0305 for the
months of January, February and March of 2022, reflects the most recent
equivalent annualized rate, adjusted for the exchange ratio, that was paid by
CIM Income NAV, Inc. ("CINAV") to its shareholders prior to the consummation of
the merger between the Company and CINAV.
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