FOR IMMEDIATE PRESS RELEASE

FOR: PMC COMMERCIAL TRUST ANNOUNCES 2012 DIVIDEND ALLOCATION

Dallas, Texas January 21, 2013



PMC Commercial Trust; NYSE MKT (Symbol: "PCC"), a Real Estate Investment Trust, announced the characterization of dividends declared during 2012 for income tax reporting purposes. Dividends declared during 2012 are delineated as follows:

Type

Record

Dates

Paid

Dates

Dividend Per Share

Qualified

Dividend

Non- Qualified Dividend

Non-Taxable Return of Capital

Regular

3/30/2012

4/9/2012

$0.16

- - $0.16

Regular

6/29/2012

7/9/2012

$0.16

- - $0.16

Regular

9/28/2012

10/9/2012

$0.16

- - $0.16

Regular

12/31/2012

1/7/2013

$0.12

- - $0.12

$0.60

- - $0.60



The dividend for shareholders of record as of December 31, 2012, will be reported on shareholders' year 2012 Form 1099. Shareholders should consult their own tax advisor as to the tax treatment of their dividends.

PMC Commercial Trust's CUSIP number is 693434102.

Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "expect," "anticipate," "estimate," "will" or words of similar import. Similarly, statements that described our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements can be subject to certain risks and uncertainties, including our financial performance, real estate conditions and market valuation of our common shares, which could cause actual results to differ materially from those currently anticipated. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

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