Creative Media & Community Trust (CMCT) Proxy Filing summary

Executive summary

• Special Meeting scheduled for April 3, 2025, to vote on a 1:25 reverse stock split and potential adjournment to solicit more proxies if needed.

• Reverse stock split aims to regain compliance with Nasdaq's $1.00 minimum bid price rule, with a compliance deadline of May 6, 2025.

• Failure to approve the split could result in delisting from Nasdaq, leading to reduced liquidity and adverse market consequences.

• Board unanimously recommends voting in favor of both proposals.

Voting matters and shareholder proposals

• Proposal 1: Amend charter to effect a 1:25 reverse stock split of common stock.

• Proposal 2: Adjourn the meeting if more time is needed to solicit proxies for Proposal 1.

• Only stockholders of record as of March 3, 2025, are eligible to vote.

• Board recommends a "FOR" vote on both proposals.

• Advance notice for 2025 annual meeting proposals must be received between Feb 5 and Mar 7, 2025.

Board of directors and corporate governance

• Board determined the reverse split is in the best interests of the company and its shareholders.

• No anti-takeover intent for the reverse split, though it could have such effects by increasing authorized but unissued shares.

• Board and officers may solicit proxies personally or by phone, with no extra compensation.