From its headquarters in Orlando, Florida, International Assets Advisory offers a full suite of financial services to a domestic and international client base. In addition to providing financial planning and broker-dealer services for individuals, International Assets Advisory also serves as a dealer manager for institutional clients.
One such client, CIM Commercial Trust Corporation (NASDAQ: CMCT), recently enlisted the services of International Assets Advisory to oversee the offering of a significant quantity of preferred stock. In July 2016, CMCT announced that it had successfully registered with the Securities and Exchange Commission to offer up to $900 million in warrants and Series A Preferred Stock. This registration authorizes the company to offer as many as 36 million units, with each unit comprised of one Series A share of preferred stock valued at $25 per share and a warrant to purchase one quarter of a share of the company’s common stock.
CIM Commercial Trust is a real estate investment trust active in the business real estate sector. The company operates Class A and creative office investments in vibrant and improving urban communities throughout the U.S.
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