CIM Real Assets & Credit Fund Declares Monthly Dividends

CIM Real Assets & Credit Fund Declares Monthly Dividends

CIM Real Assets & Credit Fund, also known as CIM RACR, recently announced that its Board of Directors has declared monthly cash dividends for its shareholders. This decision reflects the fund's ongoing commitment to provide returns to its investors. Specifically, the declared dividends amount to $0.154 per share for Class A Common Shares, $0.149 for Class C Common Shares, $0.156 for Class I Common Shares, and $0.152 for Class L Common Shares. The dividends are set to be paid out for the months of January, February, and March 2025, representing an impressive annual distribution rate of 8.5% based on net asset value (NAV).

Details of the Dividend Payments

The timetable for these dividend payments is structured to benefit shareholders directly. Shareholders of record will receive the payments on the following dates: February 5, 2025, for those recorded by close of business on February 3, 2025; March 5, 2025, for those recorded by March 3, 2025; and to wrap up the quarter, an April 3, 2025 payment for those recorded by April 1, 2025. Such timely distributions are crucial for investors seeking regular income.

Fund Management and Strategy

CCO Capital, LLC serves as the exclusive wholesale marketing agent for CIM Real Assets & Credit Fund, while the distributing responsibilities fall to Northern Lights Distributors, LLC. Despite these roles, it's important to note that CCO Capital and Northern Lights are independent entities with distinct functions. Investors should evaluate the nature of the fund, which pays distributions predominantly from its net investment income each month, although the specific amount distributed can vary.

The fund is transparent in its operations, indicating that a portion of the distributions may represent a return of capital. Investors are encouraged to closely follow the fund's notices regarding section 19(a), which provide insights into the fund's distribution pay outs. Such transparency is essential for informing stakeholders about their potential investment returns.

Investment Caution

While the Fund aims to provide returns, it is crucial for potential investors to keep in mind that no guarantees exist about the realization of distributions. The distribution yield is distinctly different from performance—it’s based on past data and doesn’t promise future gains. Investors are urged to review the CIM Real Assets & Credit Fund’s prospectus, which highlights all risks, potential fees, and the overall framework of the investment opportunities.

Understanding the Fund's Structure

CIM RACR stands out as a non-diversified, closed-end management investment company under the Investment Company Act. This unique positioning allows the fund to continuously offer common shares and operate as an interval fund. By investing across real assets and corporate credit, CIM RACR facilitates a beneficial investment avenue that aligns with CIM Group's income-driven strategies.

The primary goal of CIM RACR is to generate consistent income through cash distributions while also preserving and safeguarding shareholders’ capital throughout different market environments. Additionally, there is a secondary objective focusing on capital appreciation—a strategy designed to maximize returns over time.

Fund Advisers and Additional Information

CIM RACR is guided by CIM Capital IC Management, LLC, which ensures that the fund operates within a framework designed to optimize returns. The fund also benefits from expertise from CIM Capital SA Management, LLC, and OFS Capital Management, LLC, both of which are registered investment advisers contributing to the fund’s overall strategy.

For those interested in learning further about CIM Real Assets & Credit Fund, engaging with the resources available can provide deeper insights. Comprehensive information is accessible through their website, which outlines all aspects of their investment approach and performance metrics.

Frequently Asked Questions

What is CIM Real Assets & Credit Fund?

CIM Real Assets & Credit Fund is a non-diversified, closed-end management investment company focused on generating income and preserving capital through investments in real assets and corporate credit.

What dividends has the fund declared?

The fund declared monthly dividends of $0.154 for Class A, $0.149 for Class C, $0.156 for Class I, and $0.152 for Class L shares for January, February, and March.

When will the dividends be paid?

The payments will be made on February 5, March 5, and April 3, 2025, according to the specified shareholder record dates.

Who manages CIM RACR?

The fund is managed by CIM Capital IC Management, LLC, and is sub-advised by CIM Capital SA Management, LLC, and OFS Capital Management, LLC, ensuring expert guidance in their investment strategies.

What should investors be cautious about?

Investors should be aware that distributions are not guaranteed and may include returns of capital, which can have tax implications on their overall investment return.

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