Tender Offer - CIM Real Assets & Credit Fund

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.