On December 20, 2020, the CIM Income NAV, Inc.’s board of directors (the “Board”) authorized a distribution for the month of December 2020 (the “December Distribution”) of $0.0777 per share of the Company’s Class D, Class T, Class S and Class I common stock, which amount is adjusted based on the relative net asset value of the Class D, Class T, Class S and Class I shares so that distributions constitute a uniform percentage of the net asset value per share of all classes. The December Distribution for each class of common stock is payable to stockholders of record as of the close of business on December 30, 2020, and will be paid in January 2021. The December Distribution will be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan.
As previously disclosed, on July 23, 2020, the Board authorized a year-end distribution (the “Year-End Distribution”) of $0.0839 per share of the Company’s Class D, Class T, Class S and Class I common stock, which amount will be adjusted based on the relative net asset value of the Class D, Class T, Class S and Class I shares so that distributions constitute a uniform percentage of the net asset value per share of all classes. The Year-End Distribution is payable to stockholders of record as of the close of business on December 30, 2020, and will be paid in January 2021. The Year-End Distribution will be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan.
Source: SEC
