{"url_path":"/sec/cmrf/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1498547/0001498547-26-000028-index.html","accession_number":"0001498547-26-000028","cik":"0001498547","ticker":"CMRF","issuer_name":"CIM GROUP, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1498547/0001498547-26-000028-index.html","primary_entity_key":"0001498547","primary_entity_name":"CIM REAL ESTATE FINANCE TRUST, INC."},"word_count":467,"has_tables":true,"body_markdown":"Item 2.Unregistered Sales of Equity Securities and Use of Proceeds\n\nOur share redemption program permits our stockholders to sell their shares of common stock back to us, subject to certain conditions and limitations. We will limit the number of shares redeemed pursuant to our share redemption program as follows: (1) we will not redeem in excess of 5% of the weighted average number of shares outstanding during the trailing 12 months prior to the end of the fiscal quarter for which the redemptions are being paid; and (2) funding for the redemption of shares will be limited, among other things, to the net proceeds we receive from the sale of shares under our DRIP, net of shares redeemed to date. In an effort to accommodate redemption requests throughout the calendar year, we will generally limit quarterly redemptions to approximately 1.25% of the weighted average number of shares outstanding during the trailing 12-month period ending on the last day of the fiscal quarter for which the redemptions are being paid, and to the net proceeds we receive from the sale of shares in the respective quarter under the Secondary DRIP Offering. Any of the foregoing limits might prevent us from accommodating all redemption requests made in any fiscal quarter or in any 12-month period. As of March 31, 2026, the most recent estimated per share NAV was $5.14, which was determined by the Board on March 19, 2026 using a valuation date of December 31, 2025.\n\nIn general, we redeem shares on a quarterly basis. Shares are redeemed with a trade date no later than the end of the month following the end of each fiscal quarter. Any redemption capacity that is not used as a result of the withdrawal or rejection of redemption requests may be used to satisfy the redemption requests of other stockholders received for that fiscal quarter, and such redemption payments may be made at a later time than when that quarter’s redemption payments are made. During the three months ended March 31, 2026, we redeemed shares, including those redeemable due to death, as follows:\n\nPeriod (1)\nTotal Number\nof Shares\nRedeemedAverage Price\nPaid per ShareTotal Number of Shares\nPurchased as Part of\nPublicly Announced\nPlans or ProgramsMaximum Number of\nShares that May Yet Be\nPurchased Under the\nPlans or Programs\n\nJanuary 1, 2026 - January 31, 202662,005 $5.22 62,005 (2)\n\nFebruary 1, 2026 - February 28, 20261,458,048 $5.22 1,458,048 (2)\n\nMarch 1, 2026 - March 31, 202655,823 $5.22 55,823 (2)\n\nTotal1,575,876 1,575,876 (2)\n\n____________________________________\n\n(1)Redemptions are included in the month of payment, which is made one business day following the trade date.\n\n(2)A description of the maximum number of shares that may be purchased under our share redemption program is included in the narrative preceding this table.\n\nUnregistered Sales of Equity Securities\n\nNone."}