Lionbridge and robotti issue open letter to cmct's board

New york, march 15, 2021 /prnewswire/ -- lionbridge capital, lp and robotti & company advisors llc (together with its affiliates, the "stockholder group" or "we") with an ownership interest of approximately 5% of cim commercial trust corporation ("cmct" or the "company") (nasdaq: cmct), today issued an open letter to the company's board of directors (the "board"). in the letter, the stockholder group urges the board to explore strategic alternatives to maximize stockholder value, including, but not limited to an orderly sale of the company's assets or another transaction that reflects cmct's substantial underlying value.
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