 CIM Commercial Trust Corporation NASDAQ: CMCT and TASE: CMCT-L we, our or the Company, a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that the aggregate purchase price of 78,437,049.60 U.S. dollars USD for the 2,693,580 shares of Series L Preferred Stock accepted for purchase by the Company in the tender offer that expired on November 20, 2019 the Tender Offer was converted to New Israeli Shekels ILS at a weighted average exchange rate of 3.4616096 ILSUSD. In accordance with the terms of the Tender Offer, holders of shares of Series L Preferred Stock accepted for purchase by the Company in the Tender Offer will receive 100.8020716 ILS per accepted share the 29.12 USD per share purchase price, as converted to ILS at the 3.4616096 ILSUSD weighted average exchange rate, less any applicable withholding taxes. 