October 28, 2020
CIM Income NAV Declares Distributions for October
The distribution rate for October is the same $0.0777 per share as the September distribution.

James Sprow | Blue Vault |

On October 28, 2020, the Board of Directors (the “Board”) of CIM Income NAV, Inc. (the “Company”) authorized a distribution for the month of October 2020 (the “October 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 October Distribution for each class of common stock was payable to stockholders of record as of the close of business on October 29, 2020, and was to be paid on November 2, 2020. The October Distribution would be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan.

The distribution rate for October is the same $0.0777 per share as the September distribution. The distribution rate for April was reduced to $0.04 per share. The June, July and August distribution rates were $0.0777 per share.

In addition, on July 23, 2020, the board of directors of the Company 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 NAV of the Class D, Class T, Class S and Class I shares so that distributions constitute a uniform percentage of the NAV 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 upon a determination by the Company’s chief financial officer that as of the payment date of the Year-End Distribution, the Company will be able to pay its debts as they become due in the usual course of business and the Company’s assets will not be less than the sum of its total liabilities. 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. The Year-End Distribution is expected to be paid in addition to any distribution to be considered for authorization by the board of directors for the month of December 2020.

Source:  SEC

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