CIM Real Assets & Credit Fund Declares Monthly Dividend Payments
CIM Real Assets & Credit Fund Monthly Dividends Announced
CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) has made an announcement regarding its monthly cash dividends, declaring a distribution of $0.162 per share for Class A Common Shares, $0.157 for Class C Common Shares, $0.164 for Class I Common Shares, and $0.160 for Class L Common Shares. This represents an annual distribution rate of 8.5% based on the net asset value (NAV) as of September 20, 2024. These dividends will be payable in the upcoming months, providing anticipated support for investors looking for regular income from their investments.
Payment Schedule for Shareholders
The dividend payment schedule is straightforward: shareholders will receive payments on November 4, December 4, and January 6, for respective shares of the Fund, provided they remain on record as of the close of business on specific dates prior to these payouts. This ensures that shareholders are kept informed and can plan their investment strategies accordingly.
Role of CCO Capital and Distribution Partners
CCO Capital, LLC is identified as the exclusive wholesale marketing agent for CIM Real Assets & Credit Fund. Meanwhile, Northern Lights Distributors, LLC is responsible for distributing the Fund's shares. It's worth noting that these entities operate independently, ensuring that investors have reliable partners while considering their investment choices.
Understanding Dividend Sources and Investment Risks
Generally, the Fund pays distributions from its net investment income on a monthly basis; however, there is no guarantee of a steady or predictable income stream. Investors should be aware that some dividends may be classified as a return of capital, which is crucial information for tax-related purposes. It's advisable for shareholders to review the Fund’s disclosure documents thoroughly to understand the potential financial implications.
Fund Overview: Investment Strategy and Management
The CIM Real Assets & Credit Fund is a non-diversified, closed-end management investment company that operates under the Investment Company Act of 1940 as an interval fund. With a focus on investment across real assets and corporate credit, the Fund aims to generate current income through cash distributions while also seeking to safeguard and grow shareholders' investments over various market conditions. The Fund's management team includes CIM Capital IC Management, LLC, among others, leveraging their broad expertise in the investment realm.
Long-Term Investment Perspective
Investors considering CIM RACR must adopt a long-term perspective due to the nature of interval funds, which typically offer limited liquidity. The opportunity for capital appreciation is an essential goal of the Fund, alongside generating consistent income. Understanding these dynamics assists investors in aligning their financial ambitions with the Fund’s capabilities.
Frequently Asked Questions
What dividends were declared by CIM Real Assets & Credit Fund?
The Fund declared monthly dividends of $0.162 for Class A Shares, $0.157 for Class C Shares, $0.164 for Class I Shares, and $0.160 for Class L Shares.
What is the significance of the dividend payment dates?
The payment dates ensure shareholders are notified when they can expect to receive their dividends if they hold shares before the designated record dates.
Who manages CIM Real Assets & Credit Fund?
The Fund is managed by CIM Capital IC Management, LLC, with support from other registered investment advisers.
What does a return of capital mean for investors?
A return of capital refers to the portion of a distribution that is not derived from earnings, which can affect a shareholder’s tax situation and investment basis.
How should investors analyze their investment in this Fund?
Investors should carefully consider their investment objectives, the risks involved, and how this Fund’s strategy complements their overall investment portfolio.
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