Creative Media & Community Trust (CMCT) Proxy Filing summary

Executive summary

• The 2024 Annual Meeting will be held virtually on August 1, 2024, with stockholders of record as of June 4, 2024, eligible to vote on key proposals, including director elections, amendments to Series A1 Preferred Stock terms, executive compensation, and auditor ratification.

• Seven directors are nominated for election to serve until the 2025 annual meeting.

• Four amendments to the Series A1 Preferred Stock are proposed to streamline dividend periods, accrual dates, redemption terms, and facilitate a dividend reinvestment plan (DRIP).

• Advisory approval of executive compensation and ratification of Deloitte & Touche LLP as the independent auditor for 2024 are on the agenda.

Voting matters and shareholder proposals

• Proposals include: (1) election of seven directors, (2) four amendments to Series A1 Preferred Stock terms, (3) advisory vote on executive compensation, and (4) ratification of Deloitte & Touche LLP as auditor.

• Each Series A1 amendment is contingent on approval of all others; abstentions or broker non-votes count as votes against.

• Board recommends voting FOR all proposals.

• Stockholder proposals for the 2025 meeting must be submitted by March 10, 2025, following specific bylaw requirements.

Board of directors and corporate governance

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

• Leadership roles of Chairman and CEO are separated; Board regularly reviews risk and governance.

• Three standing committees: Audit, Compensation, and Nominating & Corporate Governance, all with independent directors.

• Board diversity matrix: 2 female, 5 male directors; representation includes White, Asian, and African American backgrounds.

• Directors are encouraged to attend annual meetings; all attended in 2023.