On April 17, 2023, Daniel M Negari announced that he has sent a letter to Creative Media & Community Trust Corporation, stating that he has repeatedly tried to constructively engage with the Company and the board of directors regarding opportunities that he believes are available to drive value for the benefit of all Company stockholders, including through share repurchase programs and the sale of certain assets. In addition, Daniel M Negari stated that he has submitted a proposal indicating willingness to offer to acquire the Company, through an appropriate acquisition entity by merger or otherwise, at a price equal to $8.88 per share in cash and proposed price represents a substantial premium of nearly 110% to the Company's most recent closing price of $4.23 and over 103% to the Company's 30-day average closing price of $4.386.