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CIM Commercial Trust Corporation Announces Tax Treatment of 2017 Dividends

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CIM Commercial Trust Corporation (NASDAQ:CMCT), a real estate investment
trust (REIT) that principally invests in, owns, and operates Class A and
creative office investments in vibrant and improving urban communities
throughout the U.S., announced today the tax treatment of its 2017
Common Stock and Series A Preferred Stock dividends.

The characterization of dividends declared by CIM Commercial Trust
Corporation during 2017 are delineated as follows:

 
COMMON STOCK DIVIDENDS
Type  

Record
Dates

  Paid Dates  

Dividend
Per Share

 

Qualified
Dividend

 

Non-
Qualified
Dividend

 

Capital
Gain
Dividend

 

Unrecaptured
Section 1250
Gain (1)

 

Non-
Taxable
Return of
Capital

Regular   3/20/2017   3/27/2017   $0.21875   $0.00000   $0.00000   $0.07771   $0.02210   $0.14104
Special 4/17/2017 4/24/2017 $0.28000 $0.00000 $0.00000 $0.09947 $0.02828 $0.18053
Regular 6/20/2017 6/27/2017 $0.12500 $0.00000 $0.00000 $0.04441 $0.01263 $0.08059
Special 6/20/2017 6/27/2017 $1.98000 $0.00000 $0.00000 $0.70339 $0.20001 $1.27661
Regular 9/18/2017 9/25/2017 $0.12500 $0.00000 $0.00000 $0.04441 $0.01263 $0.08059
Regular 12/21/2017 12/28/2017 $0.12500 $0.00000 $0.00000 $0.04441 $0.01263 $0.08059
Special 12/29/2017 1/11/2018 $0.73000   $0.00000   $0.00000   $0.25933   $0.07374   $0.47067
$3.58375   $0.00000   $0.00000   $1.27313   $ 0.36202   $ 2.31062
 

(1) Unrecaptured Section 1250 Gain is a subset of, and is included in,
the Capital Gain Dividend amount.

       
SERIES A PREFERRED STOCK DIVIDENDS
Type  

Record
Dates

  Paid Dates  

Dividend
Per Share

 

Qualified
Dividend

 

Non-
Qualified
Dividend

 

Capital
Gain
Dividend

 

Unrecaptured
Section 1250
Gain (1)

 

Non-
Taxable
Return of
Capital

Regular   4/5/2017   4/17/2017   $0.34375   $0.00000 $0.00000 $0.34375 $0.09775 $0.00000
Regular 7/5/2017 7/17/2017 $0.34375 $0.00000 $0.00000 $0.34375 $0.09775 $0.00000
Regular 10/5/2017 10/16/2017 $0.34375 $0.00000 $0.00000 $0.34375 $0.09775 $0.00000
Regular 1/5/2018 1/16/2018 $0.34375   $0.00000   $0.00000   $0.34375   $0.09775   $0.00000
$1.37500   $0.00000   $0.00000   $ 1.37500   $ 0.39100   $ 0.00000
 

(1) Unrecaptured Section 1250 Gain is a subset of, and is included in,
the Capital Gain Dividend amount.

The purpose of this press release is provided for informational purposes
only and does not constitute tax advice. Shareholders should consult
their own tax advisor as to the tax treatment of their dividends.

ABOUT CIM COMMERCIAL TRUST CORPORATION

CIM Commercial Trust Corporation is a real estate investment trust
(REIT) that principally invests in, owns, and operates Class A and
creative office investments located in vibrant and improving urban
communities throughout the U.S. Properties are primarily located in Los
Angeles, the San Francisco Bay Area and Washington, D.C. CIM Commercial
Trust Corporation is operated by CIM Group, a vertically integrated,
owner and operator of real assets with multi-disciplinary expertise and
in-house research, acquisition, development, finance, leasing, and asset
management capabilities, and its affiliates. In addition, CIM Commercial
Trust continues to deploy a portion of its capital to its real estate
lending platform through its wholly owned subsidiary (d/b/a PMC
Commercial Trust) that originates and services loans under the U.S.
Small Business Administration 7(a) Guaranteed Loan Program as well as
through other lending programs. www.cimcommercial.com

FORWARD-LOOKING STATEMENTS

The information set forth herein contains "forward-looking statements."
You can identify these statements by the fact that they do not relate
strictly to historical or current facts or discuss the business and
affairs of CIM Commercial Trust Corporation on a prospective basis.
Further, statements that include words such as "may," "will," "project,"
"might," "expect," "believe," "anticipate," "intend," "could," "would,"
"estimate," "continue" "pursue," or "should" or the negative or other
words or expressions of similar meaning, may identify forward-looking
statements.

CIM Commercial Trust bases these forward-looking statements on
particular assumptions that it has made in light of its experience, as
well as its perception of expected future developments and other factors
that it believes are appropriate under the circumstances. The
forward-looking statements are necessarily estimates reflecting the
judgment of CIM Commercial Trust and involve a number of risks and
uncertainties that could cause actual results to differ materially from
those suggested by the forward-looking statements. These forward-looking
statements are subject to risks, uncertainties and other factors,
including those set forth in CIM Commercial Trust's Annual Report on
Form 10-K for the fiscal year ended December 31, 2016.

As you read and consider the information herein, you are cautioned to
not place undue reliance on these forward-looking statements. These
statements are not guarantees of performance or results and speak only
as of the date hereof. These forward-looking statements involve risks,
uncertainties and assumptions. In light of these risks and
uncertainties, there can be no assurance that the results and events
contemplated by the forward-looking statements contained herein will in
fact transpire. New factors emerge from time to time, and it is not
possible for CIM Commercial Trust to predict all of them. Nor can CIM
Commercial Trust assess the impact of each such factor or the extent to
which any factor, or combination of factors may cause results to differ
materially from those contained in any forward-looking statement. CIM
Commercial Trust undertakes no obligation to publicly update or release
any revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events, except as required by law.

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