CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”)
announced today that its Board of Directors has declared monthly
cash dividends of $0.168 per share of Class A Common Shares
(ARACX), $0.163 per share of Class C Common Shares (RACRX), $0.169
per share of Class I Common Shares (IRACX) and $0.166 per share of
Class L Common Shares (LRACX) for each of April, May and June 2024,
representing an annual distribution rate of 8.5% of NAV (as of
March 21, 2024) per share. The dividend will be payable as follows:
May 3, 2024 to shareholders of record at the close of business on
May 1, 2024; June 5, 2024 to shareholders of record at the close of
business on June 3, 2024; and July 3, 2024 to shareholders of
record at the close of business on July 1, 2024.
CCO Capital, LLC, Member FINRA/SIPC, is the exclusive wholesale
marketing agent for CIM Real Assets & Credit Fund. Northern
Lights Distributors, LLC (4221 North 203rd Street, Suite 100,
Elkhorn, NE 68022, Member FINRA) is the distributor of CIM Real
Assets & Credit Fund. CCO Capital and Northern Lights
Distributors, LLC are not affiliated.
The Fund will ordinarily pay distributions from its net
investment income, if any, once a month; however, the amount of
distributions that the Fund may pay, if any, is uncertain. Based on
current estimates, the Fund expects a portion of the distributions
to be a return of capital. Please refer to the Fund’s most recent
section 19(a) notice, available at www.cimgroup.com. There is no
guarantee that investors will receive a distribution and the
distribution rate should not be confused with yield or
performance.
Important Disclosure
This is neither an offer to sell nor a solicitation to
purchase any security. Investors should consider the investment
objectives, risks, charges and expenses of the CIM Real Assets
& Credit Fund (“Fund”, “CIM RACR” or “RACR”) carefully before
investing. This and other information are contained in the Fund’s
prospectus, which may be obtained by contacting your financial
professional or visiting www.cimgroup.com. Please
read the prospectus carefully before you invest.
All investing includes risk including the loss of principal.
Interval funds are generally suitable only for investors who can
bear the risks associated with the limited liquidity of the fund
and should be viewed as a long-term investment. There can be no
assurance that any fund will meet its objectives.
The Fund’s distributions may be funded from offering proceeds or
borrowings, which may constitute a return of capital and reduce the
amount of capital available to the Fund for investment. Although a
return of capital will generally not be taxable to a shareholder,
it would reduce the shareholder’s cost basis in the Common Shares
and may result in higher capital gains, taxes, or a lower capital
loss, when Common Shares are sold. Any capital returned to
shareholders through distributions will be distributed after
payment of fees and expenses, as well as the sales load.
About CIM Real Assets & Credit Fund (CIM RACR)
CIM RACR is a non-diversified, closed-end management investment
company, registered under the Investment Company Act of 1940, as
amended, that continuously offers its common shares and is operated
as an “interval fund.” The Fund invests across real assets and
corporate credit, providing an opportunity to invest alongside CIM
Group’s income-oriented strategies. CIM RACR’s investment objective
is to generate current income through cash distributions and
preserve and protect shareholders’ capital across various market
cycles, with a secondary objective of capital appreciation. The
Fund is advised by CIM Capital IC Management, LLC and sub-advised
by CIM Capital SA Management, LLC and OFS Capital Management, LLC,
each of which is an investment adviser registered under the
Investment Advisers Act of 1940, as amended, and affiliates of CIM
Group, LLC. For additional information, please visit
www.cimgroup.com.
Forward-Looking Statements
Statements in this press release regarding management's future
expectations, beliefs, intentions, goals, strategies, plans or
prospects, including statements relating management’s belief that
CIM RACR will benefit from CIM Group’s combined real assets, credit
and transaction experience and deal-sourcing capabilities; the
composition of CIM RACR’s portfolio of real assets and corporate
credit assets and the potential benefits to investors, which may
not be realized; opportunities for individuals to invest alongside
institutional partners, and whether those opportunities will align
the interests among sponsors, partners and shareholders; and other
factors may constitute forward-looking statements for purposes of
the safe harbor protection under applicable securities laws.
Forward-looking statements can be identified by terminology such as
“anticipate,” “believe,” “could,” “could increase the likelihood,”
“estimate,” “expect,” “intend,” “is planned,” “may,” “should,”
“will,” “will enable,” “would be expected,” “look forward,” “may
provide,” “would” or similar terms, variations of such terms or the
negative of those terms. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors including
those risks, uncertainties and factors referred to in CIM RACR’s
Prospectus filed with the Securities and Exchange Commission (the
“SEC”) on January 26, 2024, under the section “Risks” as well as
other documents that may be filed by CIM RACR from time to time
with the SEC. As a result of such risks, uncertainties and factors,
actual results may differ materially from any future results,
performance or achievements discussed in or implied by the
forward-looking statements contained herein. CIM RACR is providing
the information in this press release as of this date and assumes
no obligations to update the information included in this press
release or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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Media Relations Karen Diehl Diehl Communications
310-741-9097 karen@diehlcommunications.com
CIM Shareholder Relations
shareholderrelations@cimgroup.com (866) 907-2653