Creative Media & Community Trust (CMCT) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on August 1, 2024, for stockholders of record as of June 4, 2024.

• Stockholders will vote on the election of seven directors, amendments to Series A1 Preferred Stock terms, executive compensation, and auditor ratification.

• The Board recommends voting in favor of all proposals, including director nominees and charter amendments.

Voting matters and shareholder proposals

• Proposals include electing seven directors, four amendments to Series A1 Preferred Stock, a non-binding say-on-pay vote, and auditor ratification.

• Amendments to Series A1 Preferred Stock address monthly dividends, initial accrual date, original issuance date for redemptions, and DRIP treatment.

• Approval of each Series A1 amendment is contingent on approval of all related proposals.

• Stockholders can submit proposals for the 2025 annual meeting by March 7, 2025, following specific bylaw requirements.

Board of directors and corporate governance

• The Board consists of seven directors, with a mix of independent and affiliated members.

• Board committees include audit, compensation, and nominating/governance, all with independent directors.

• The Board separates the roles of Chairman and CEO and emphasizes risk oversight and open communication.

• Directors are compensated with a mix of cash and restricted stock; independent directors receive $55,000 cash and $55,000 in stock annually.

• Board diversity includes two female directors and representation from Asian and African American backgrounds.