Articles from CIM Real Assets & Credit Fund

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its Board of Trustees has declared monthly cash dividends of $0.149 per share of Class A Common Shares (ARACX), $0.143 per share of Class C Common Shares (RACRX), $0.150 per share of Class I Common Shares (IRACX) and $0.147 per share of Class L Common Shares (LRACX) for each of April, May and June 2025, representing an annual distribution rate of 8.0% of NAV (as of March 27, 2025) per share.

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its Board of Directors has declared monthly cash dividends of $0.154 per share of Class A Common Shares (ARACX), $0.149 per share of Class C Common Shares (RACRX), $0.156 per share of Class I Common Shares (IRACX) and $0.152 per share of Class L Common Shares (LRACX) for each of January, February and March 2025, representing an annual distribution rate of 8.5% of NAV (as of December 12, 2024) per share. The dividend will be payable as follows: February 5, 2025 to shareholders of record at the close of business on February 3, 2025; March 5, 2025 to shareholders of record at the close of business on March 3, 2025; and April 3, 2025 to shareholders of record at the close of business on April 1, 2025.

CIM Group announced today that it has acquired District La Brea, a collection of adjacent buildings offering high visibility retail storefronts and commercial space along La Brea Avenue in Los Angeles.

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its Board of Directors has declared monthly cash dividends of $0.162 per share of Class A Common Shares (ARACX), $0.157 per share of Class C Common Shares (RACRX), $0.164 per share of Class I Common Shares (IRACX) and $0.160 per share of Class L Common Shares (LRACX) for each of October, November and December 2024, representing an annual distribution rate of 8.5% of NAV (as of September 20, 2024) per share. The dividend will be payable as follows: November 4, 2024 to shareholders of record at the close of business on November 1, 2024; December 4, 2024 to shareholders of record at the close of business on December 2, 2024; and January 6, 2025 to shareholders of record at the close of business on January 2, 2025.

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its Board of Directors has declared monthly cash dividends of $0.166 per share of Class A Common Shares (ARACX), $0.161 per share of Class C Common Shares (RACRX), $0.167 per share of Class I Common Shares (IRACX) and $0.164 per share of Class L Common Shares (LRACX) for each of July, August and September 2024, representing an annual distribution rate of 8.5% of NAV (as of June 24, 2024) per share. The dividend will be payable as follows: August 5, 2024 to shareholders of record at the close of business on August 1, 2024; September 5, 2024 to shareholders of record at the close of business on September 3, 2024; and October 3, 2024 to shareholders of record at the close of business on October 1, 2024.

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its Board of Directors has declared monthly cash dividends of $0.168 per share of Class A Common Shares (ARACX), $0.163 per share of Class C Common Shares (RACRX), $0.169 per share of Class I Common Shares (IRACX) and $0.166 per share of Class L Common Shares (LRACX) for each of April, May and June 2024, representing an annual distribution rate of 8.5% of NAV (as of March 21, 2024) per share. The dividend will be payable as follows: May 3, 2024 to shareholders of record at the close of business on May 1, 2024; June 5, 2024 to shareholders of record at the close of business on June 3, 2024; and July 3, 2024 to shareholders of record at the close of business on July 1, 2024.

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its Board of Directors has declared monthly cash dividends of $0.169 per share of Class A Common Shares (ARACX), $0.165 per share of Class C Common Shares (RACRX), $0.171 per share of Class I Common Shares (IRACX) and $0.167 per share of Class L Common Shares (LRACX) for each of January, February and March 2024, representing an annual distribution rate of 8.5% of NAV (as of December 18, 2023) per share. The dividend will be payable as follows: February 5, 2024 to shareholders of record at the close of business on February 1, 2024; March 5, 2024 to shareholders of record at the close of business on March 1, 2024; and April 3, 2024 to shareholders of record at the close of business on April 1, 2024.

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its investment adviser has agreed to a reduction in its incentive fee to 15% (from 20%), effective immediately.

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its Board of Directors has declared monthly cash dividends representing an annualized distribution rate of 8.5% of net asset value per share (as of the close of business on October 12, 2023). In addition, a portion of RACR’s distribution may be tax deferred whereas income from bonds and credit funds are typically 100% ordinary income and taxed at the highest rate.

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its Board of Trustees has declared monthly cash dividends of $0.143 per share of Class C Common Shares, $0.146 per share of Class A Common Shares, $0.145 per share of Class L Common Shares and $0.148 per share of Class I Common Shares for each of July, August and September 2023, representing an annual dividend rate of 7% of NAV (as of June 26, 2023) per share. The dividend will be payable as follows: August 3, 2023 to shareholders of record at the close of business on August 1, 2023; September 6, 2023 to shareholders of record at the close of business on September 1, 2023; and October 4, 2023 to shareholders of record at the close of business on October 2, 2023.

CIM Real Assets & Credit Fund (CIM RACR) today reached a three-year performance milestone. CIM RACR is a closed-end interval fund that invests in real assets and corporate credit. The fund, which announced a 16.7% dividend increase on March 22, 2023, aims to generate income and capital appreciation with lower volatility.

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.

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its Board of Directors has declared monthly cash dividends of $ 0.129 per share of Class A Common Shares, $0.126 per share of Class C Common Shares, $0.129 per share of Class I Common Shares and $ 0.128 per share of each Class L Common Shares for each of January, February and March 2023, representing an annual dividend rate of 6% of NAV (as of December 20, 2022) per share. The dividend will be payable as follows: February 3, 2023 to shareholders of record at the close of business on February 1, 2023; March 3, 2023 to shareholders of record at the close of business on March 1, 2023; and April 5, 2023 to shareholders of record at the close of business on April 3, 2023.

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its Board of Directors has declared monthly cash dividends of $0.126 per share of Class C Common Shares, $0.129 per share of Class A Common Shares, $0.128 per share of Class L Common Shares and $0.129 per share of each Class I Common Shares for each of October, November and December 2022, representing an annual dividend rate of 6% of NAV (as of September 26, 2022) per share. The dividend will be payable as follows: November 3, 2022 to shareholders of record at the close of business on November 1, 2022; December 5, 2022 to shareholders of record at the close of business on December 1, 2022; and January 5, 2023 to shareholders of record at the close of business on January 3, 2023.

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its Board of Directors has declared monthly cash dividends of $0.127 per share of Class C Common Shares, $0.129 per share of Class A Common Shares, $0.129 per share of Class L Common Shares and $0.130 per share of each Class I Common Shares for each of July, August and September 2022, representing an annual dividend rate of 6% of NAV (as of June 22, 2022) per share. The dividend will be payable as follows: August 3, 2022 to shareholders of record at the close of business on August 1, 2022; September 6, 2022 to shareholders of record at the close of business on September 1, 2022; and October 5, 2022 to shareholders of record at the close of business on October 3, 2022.

CIM Real Assets & Credit Fund (“CIM RACR”) announced today that its Board of Directors has declared monthly cash dividends of $0.130 per share of Class C Common Shares, $0.132 per share of Class A Common Shares, $0.132 per share of Class L Common Shares and $0.133 per share of Class I Common Shares for each of April, May and June 2022, representing an annual dividend rate of 6.0% of NAV (as of March 23, 2022) per share. The dividend will be payable as follows: May 4, 2022 to shareholders of record at the close of business on May 2, 2022; June 3, 2022 to shareholders of record at the close of business on June 1, 2022; and July 6, 2022 to shareholders of record at the close of business on July 1, 2022.

CIM Group announced today that it has acquired Sora, a recently completed, five-story 117-unit apartment building in Los Angeles through CIM Real Assets & Credit Fund.

CIM Real Assets & Credit Fund (the “Fund”) announced today that its Board of Directors has declared monthly cash dividends of $0.129 per share of Class C Common Shares, $0.130 per share of Class A and Class L Common Shares and $0.131 per share of Class I Common Shares for each of January, February and March 2022, representing an annual dividend rate of 6.0% of NAV (as of December 14, 2021) per share. The dividend will be payable as follows: February 3, 2022 to shareholders of record at the close of business on February 1, 2022; March 3, 2022 to shareholders of record at the close of business on March 1, 2022; and April 5, 2022, to shareholders of record at the close of business on April 1, 2022.

CIM Real Assets & Credit Fund (the “Fund”) announced today that its Board of Directors has declared monthly cash dividends of $0.128 per share of Class C Common Shares, $0.130 per share of Class A and Class I Common Shares and $0.129 per share of Class L Common Shares for each of October, November and December 2021, representing an annual dividend rate of 6.0% of NAV (as of September 24, 2021) per share. The dividend will be payable as follows: November 3, 2021 to shareholders of record at the close of business on November 1, 2021; December 3, 2021 to shareholders of record at the close of business on December 1, 2021; and January 5, 2022, to shareholders of record at the close of business on January 3, 2022.

CIM Real Assets & Credit Fund (the “Fund”) announced today that its Board of Directors has declared monthly cash dividends of $0.127 per share of Class C Common Shares, $0.128 per share of each of Class A Common Shares and Class L Common Shares and $0.129 per share of each Class I Common Shares for each of July, August and September 2021, representing an annual dividend rate of 6.0% of NAV (as of June 25, 2021) per share. The dividend will be payable as follows: August 4, 2021 to shareholders of record at the close of business on August 2, 2021; September 3, 2021 to shareholders of record at the close of business on September 1, 2021; and October 5, 2021 to shareholders of record at the close of business on October 1, 2021.