Creative Media & Community Trust Corporation — Major Shareholding Notification 2023

May 24, 2023

FORM 4

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

* 1. Name and Address of Reporting Person SHEMESH AVRAHAM						2. Issuer Name and Ticker or Trading Symbol					5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give Other
(First) (Middle) (Last)						CREATIVE MEDIA & COMMUNITY TRUST CORP [CMCT]
4700 WILSHIRE BLVD (Street)						3. Date of Event Requiring Statement (Month/Day/Year) 05/19/2023				4. If Amendment, Date Original Filed (Month/Day/Year)		title below)	(specify below)
LOS ANGELES, CA 90010 (City) (State) (Zip)											Person	6. Individual or Joint/Group Filing(Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting
						Rule 10b5-1(c) Transaction Indication [ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
										Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
(Instr. 3)	1.Title of Security Date		2. Transaction (Month/Day/Year)		2A. Deemed Execution Date, if (Month/Day/Year)	3. Transaction Code (Instr. 8)			4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)		7. Nature of Indirect Beneficial Ownership (Instr. 4)
						Code	V	Amount	(A) or (D)	Price			or Indirect (I) (Instr. 4)
Common Stock			05/19/2023			P		1,744	A	\$5.0292(1)		9,109,945	I	CIM CMCT MLP, LLC(2), (3)
Common Stock 05/22/2023			P		9,700	A	\$5.1153(4)		9,119,645	I	CIM CMCT MLP, LLC(2), (3)
Common Stock												473,033	I	CIM Urban Sponsor, LLC(2), (3)
Common Stock												388,344	I	CIM Real Assets & Credit Fund(2), (5)
Common Stock										45,420	I	See footnote(6)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g., puts, calls, warrants, options, convertible securities)
1. Title of 2. 3. 3A. 4. Trans. 5. Derivative Conversion Trans. Deemed Code Security or Exercise Date Execution (Instr. 8) of (Instr. 3) Price of Date, if		Number Derivative	6. Date Exercisable and Expiration Date				8. Price of 9. Number of 7. Title and Amount of Derivative Derivative Underlying Security Securities Securities (Instr. 5) Beneficially		10. Ownership Form of Derivative	11. Nature of Indirect Beneficial Ownership

Derivative any Security				Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)					(Instr. 3 and 4)		Owned Following Reported Transaction(s) (Instr. 4)	Security: Direct (D) or Indirect (I) (Instr. 4)	(Instr. 4)
			Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported reflects the weighted average price, rounded to the nearest cent, of shares purchased in the open market at prices ranging from \$5.01 to \$5.05 per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

2. The reporting person may be deemed to beneficially own all of these shares because of his position with CIM Group, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

3. CIM Group, LLC is the indirect sole equity member of the entity through which these shares are held.

4. The price reported reflects the weighted average price, rounded to the nearest cent, of shares purchased in the open market at prices ranging from \$5.06 to \$5.16 per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

/s/ David Thompson, Attorney-in-Fact **Signature of Reporting Person

05/23/2023 Date

1. CIM Capital IC Management, LLC, the investment advisor of CIM Real Assets & Credit Fund, is an indirect wholly owned subsidiary of CIM Group, LLC.

2. Shares held by The Shemesh Family Trust of which the reporting person was the grantor and the indirect beneficial owner.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

*		If the form is filed by more than one reporting person, see Instruction 4(b)(v).

• ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
• Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMBcontrol number.