Cole RE Income Strategy (Daily NAV), Inc. Changes Name to CIM Income NAV, Inc.
November 28, 2018 | James Sprow | Blue Vault
On November 27, 2018, Cole Real Estate Income Strategy (Daily NAV), Inc. changed its name to CIM Income NAV, Inc.
Also, effective November 27, 2018, the REIT changed the name and designation of Wrap Class Common Shares (Class W) to Class D Common Stock, Advisor Class (Class A) Common Shares to Class T Common Stock, and Institutional Class Common Shares (Class I) to Class I Common Stock.
In addition, the Company reclassified and designated (i) 41,500,000 authorized but unissued shares of Class D Shares as Class S Shares, (ii) 40,500,000 authorized but unissued shares of Class T Shares as Class S Shares, and (iii) 40,500,000 authorized but unissued shares of Class I Shares as Class S Shares.
Learn more about CIM Group on the Blue Vault Sponsor Focus page
The well-attended Blue Vault session at the recent National Planning Holdings National Conference was very well received. The value of their products was evidenced by the volume of questions from the attendees. Stacy Chitty, Managing Partner, did an excellent job of explaining the history, strategy and value of Blue Vault data.