CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its Board of Directors has declared monthly cash dividends of $0.148 per share of Class A Common Shares (ARACX), $0.145 per share of Class C Common Shares (RACRX), $0.149 per share of Class I Common Shares (IRACX) and $0.147 per share of each Class L Common Shares (LRACX) for each of April, May and June 2023, representing an annual dividend rate of 7% (up from 6%, representing a 16.7% increase) of NAV (as of March 17, 2023) per share. The dividend will be payable as follows: May 3, 2023 to shareholders of record at the close of business on May 1, 2023; June 5, 2023 to shareholders of record at the close of business on June 1, 2023; and July 6, 2023 to shareholders of record at the close of business on July 3, 2023.
For additional information about the fund, visit www.cimgroup.com/cim-racr.
ALPS Distributors, Inc. is the distributor of the CIM Real Assets & Credit Fund. CIM Group, LLC and ALPS Distributors, Inc. are not affiliated. ALPS Distributors, Inc., 1290 Broadway, Suite 1000, Denver, CO 80203, Member FINRA.
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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. A portion of the distribution may include 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”) 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 30, 2023, 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.
Media Relations
Karen Diehl
Diehl Communications
Phone: 310-741-9097
Email: karen@diehlcommunications.com
