Summary of PMC COMMERCIAL TRUST /TX

Item 5.07 Submission of Matters to a Vote of Security Holders

PMC Commercial Trust's (the "Company") Annual Meeting of Shareholders (the "Annual Meeting") was held on June 8, 2011. A total of 9,769,098 shares were voted in person or by proxy, representing 92.3% of the shares entitled to be voted. The following are the final voting results on proposals considered and voted upon at the Annual Meeting, all of which are described in the Company's 2012 Proxy Statement.

1. Election of Trust Managers.

                                                                      Broker
                                        For          Withheld        Non-Votes
           Nathan G. Cohen            3,191,671       1,722,215       4,855,212
           Martha Rosemore Morrow     3,275,177       1,638,709       4,855,212
           Barry A. Imber             3,183,955       1,729,931       4,855,212
           Irving Munn                3,202,778       1,711,108       4,855,212
           Lance B. Rosemore          3,413,102       1,500,784       4,855,212

These five Trust Managers will continue to serve as Trust Managers until such time as their successors are duly elected and qualified.

2. Approval of the advisory vote on executive compensation.

                          For                  3,456,275
                          Against              1,352,236
                          Abstentions            105,370
                          Broker Non-Votes     4,855,217

The foregoing proposal was approved.

3. Ratification of PricewaterhouseCoopers LLP as registered public accounting firm for 2012.

                            For             8,416,984
                            Against         1,191,404
                            Abstentions       160,710


The foregoing proposal was approved.