Please replace the release dated July 9, 2013 with the following corrected version due to multiple revisions.
The corrected release reads:
SHAREHOLDER ALERT: LEVI & KORSINSKY ANNOUNCES INVESTIGATION INTO POSSIBLE BREACHES OF FIDUCIARY DUTY BY THE BOARD OF PMC COMMERCIAL TRUST IN CONNECTION WITH THE MERGER OF THE COMPANY WITH CIM URBAN REIT, LLC
Levi & Korsinsky is investigating the Board of Directors of PMC Commercial Trust (“PMC” or the “Company”) (NYSE MKT: PCC) for possible breaches of fiduciary duty and other violations of state law in connection with the merger of the Company to CIM Urban REIT (“CIM”), a private commercial REIT.
Click here to learn more about the investigation
, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, CIM and its affiliates will receive approximately 22 million newly-issued PMC common shares of beneficial interest and approximately 65 million newly-issued PMC Preferred Shares, with each Preferred Share convertible into 7 common shares. All outstanding common shares of PMC will remain outstanding following the transaction, and shareholders who hold PMC at the close of business the day before the transaction’s closing will receive a cash dividend of $5.50 per common share.
If you own common stock in PMC and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.