Tender Offer - CIM Real Assets & Credit Fund
Form Type: N-23C3A
Filing Date: 2025-06-11
Corporate Action: Tender-offer
Type: New
Accession Number: 000158064225003685
Filing Summary: CIM Real Assets & Credit Fund announces a quarterly repurchase offer effective June 11, 2025, allowing shareholders to tender shares for repurchase. The offer allows shareholders to sell up to 5% of outstanding shares and provides liquidity, as no secondary market exists for these shares. The repurchase period ends on July 11, 2025, and shares will be repurchased at their net asset value (NAV) as determined on the pricing date. Shareholders are advised about the conditions and procedures for submitting tender requests and the implications of early withdrawal charges for specific share classes. The document emphasizes the importance of contacting financial intermediaries to process tender requests and highlights the potential risks associated with the investment.
Additional details:
Repurchase Offer Period Start: 2025-06-11
Repurchase Offer Period End: 2025-07-11
Maximum Repurchase Percentage: 5%
Nav Class I: 22.09
Nav Class C: 21.00
Nav Class A: 21.82
Nav Class L: 21.54
Early Withdrawal Charge Class C: 1.00%
Form Type: N-23C3A
Filing Date: 2025-03-12
Corporate Action: Tender-offer
Type: New
Accession Number: 000158064225001680
Filing Summary: On March 12, 2025, CIM Real Assets & Credit Fund announced a quarterly repurchase offer allowing shareholders to tender their shares for repurchase during the period from March 12, 2025, to April 11, 2025. The repurchase offer is designed to provide some liquidity to shareholders, as there is no secondary market for these shares. The fund will repurchase up to 5% of its outstanding shares across different classes (Class I, Class C, Class A, Class L), with the repurchase price determined by the net asset value (NAV) of the shares at the close of trading on the NYSE on the repurchase pricing date. The current NAV as of March 5, 2025, for the Class I Shares is $22.66. Shareholders tendering Class C Shares in the first year will incur a 1% early withdrawal charge. All tender requests must be submitted by 4:00 PM ET on April 11, 2025, and payment for repurchased shares will be made within seven days of the pricing date. The offer is subject to certain stipulations outlined in the fund’s prospectus, including conditions for suspension or postponement of the offer.
Additional details:
Repurchase Offer Period: March 12, 2025 - April 11, 2025
Maximum Repurchase Percentage: 5%
Nav Class I: $22.66
Nav Class C: $21.61
Nav Class A: $22.40
Nav Class L: $22.12
Early Withdrawal Charge: 1% for Class C Shares
Request Deadline: April 11, 2025, 4:00 PM ET
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