For illustrative purposes only. Not indicative of any fund asset.
CIM RACR
CIM RACR's objective is to generate current income and preserve investors' capital, with a secondary objective of capital appreciation.
CIM Real Assets & Credit Fund
CIM Real Assets & Credit Fund (CIM RACR) is a continuously-offered closed-end interval fund that seeks to invest in a mix of institutional-quality real estate and credit assets.
The fund intends to provide daily pricing and limited share redemption flexibility.
For illustrative purposes only. Not indicative of any fund asset.
For illustrative purposes only. Not indicative of any fund asset.
About Interval Funds
Interval funds are non-exchange-traded, closed-end funds that may appeal to individuals looking for opportunities to diversify their portfolios. Most interval funds do not trade on an exchange and are therefore not as directly influenced by market volatility.
Interval funds are required to offer to repurchase shares from shareholders during scheduled periods, or intervals. Repurchase offers typically take place on a quarterly basis at a price equal to the fund’s net asset value (NAV).
For illustrative purposes only. Not indicative of any fund asset.
CIM RACR Materials and Documents
RACR Materials
Net Asset Value "NAV" ($)
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The distribution rate is calculated as the distribution for a given month, multiplied by 12 (number of months in year) and divided by the NAV per share on the date the distributions were paid. A portion of the distribution includes a return of capital. Please refer to the Fund's most recent Section 19(a) notice available here.
I Share Performance
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Total annual fund operating expenses after waiver and/or reimbursement is 2.25%. Past performance is not a guarantee or indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than the original cost when redeemed. There is no guarantee that investors will receive a distribution. CUSIP: 17181H107 Inception Date: 5/4/2020
Net Asset Value "NAV" ($)
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The distribution rate is calculated as the distribution for a given month, multiplied by 12 (number of months in year) and divided by the NAV per share on the date the distributions were paid. A portion of the distribution includes a return of capital. Please refer to the Fund's most recent Section 19(a) notice available here.
A Share Performance -No Load
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A Share Performance - Load
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An investor will pay a maximum sales load of up to 5.75% of the offering price for the purchase of Class A Shares. Total annual fund operating expenses after waiver and/or reimbursement is 2.50%. Past performance is not a guarantee or indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than the original cost when redeemed. There is no guarantee that investors will receive a distribution. CUSIP: 17181H305 Inception Date: 5/4/2020
Net Asset Value "NAV" ($)
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Annualized Distribution Rate (%)
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The distribution rate is calculated as the distribution for a given month, multiplied by 12 (number of months in year) and divided by the NAV per share on the date the distributions were paid. A portion of the distribution includes a return of capital. Please refer to the Fund's most recent Section 19(a) notice available here.
C Share Performance
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Total annual fund operating expenses after waiver and/or reimbursement is 3.25%. Past performance is not a guarantee or indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than the original cost when redeemed. There is no guarantee that investors will receive a distribution. CUSIP: 17181H206 Inception Date: 5/4/2020
Net Asset Value "NAV" ($)
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Annualized Distribution Rate (%)
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The distribution rate is calculated as the distribution for a given month, multiplied by 12 (number of months in year) and divided by the NAV per share on the date the distributions were paid. A portion of the distribution includes a return of capital. Please refer to the Fund's most recent Section 19(a) notice available here.
L Share Performance - No Load
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L Share Performance - Load
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An investor will pay a maximum sales load of up to 4.25% of the offering price for the purchase of Class L Shares. Total annual fund operating expenses after waiver and/or reimbursement is 2.25%. Past performance is not a guarantee or indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than the original cost when redeemed. There is no guarantee that investors will receive a distribution. CUSIP: 17181H404 Inception Date: 5/4/2020
SEC Filings
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For illustrative purposes only. Not indicative of any fund asset.
Images shown are for illustration only and are not indicative of any fund asset.
Interval funds are generally suitable only for investors who can bear the risks associated with the limited liquidity of the fund and should be viewed as a long-term investment. All investing involves risk, including loss of principal. There can be no assurance that any fund will meet its objectives.
This is neither an offer to sell nor a solicitation to purchase any security. Investors should consider the investment objectives, risks, charges and expenses of the CIM Real Assets & Credit Fund (“Fund”) carefully before investing. This and other information are contained in the Fund’s prospectus, which may be obtained by contacting your financial professional or visiting www.cimgroup.com. Please read the prospectus carefully before you invest.
Below is a summary of some of the principal risks of investing in the Fund. For a more complete discussion of the risks of investing in the Fund, see “Risks” in the Fund’s prospectus. Shareholders should consider carefully the following principal risks before investing in the Fund:
- Unlike shares of most closed-end funds, the Common Shares will not be listed on any securities exchange;
- Although the Fund has a quarterly share repurchase program, there is no guarantee that an investor will be able to sell all of the Common Shares that the investor desires to sell. The Fund should therefore be considered to offer only limited liquidity;
- The capital markets may experience periods of disruption and instability. Such market conditions may materially and adversely affect debt and equity capital markets, which may have a negative impact on the Fund’s business and operations;
- If a shareholder is able to sell its Common Shares, the shareholder may receive less than its purchase price and the then current NAV per Common Share;
- The Fund’s distributions may be funded from offering proceeds or borrowings, which may constitute a return of capital and reduce the amount of capital available to the Fund for investment. Although a return of capital will generally not be taxable to a shareholder, it would reduce the shareholder’s cost basis in the Common Shares and may result in higher capital gains taxes, or a lower capital loss, when Common Shares are sold. Any capital returned to shareholders through distributions will be distributed after payment of fees and expenses, as well as the sales load;
- The Fund has limited operating history;
- The Fund will be exposed to the risks related to investments in real estate, including risks related to the performance of the real estate market;
- Because the Fund will concentrate its investments in the Real Estate industry, the Fund may experience more volatility and be exposed to greater risk than it would be if it held a more diversified portfolio;
- The Fund’s investments in CMBS are subject to all of the risks of the underlying mortgage loans, including interest rate risk;
- The Fund will primarily invest in real estate through its REIT Subsidiaries, which will be subject to regulatory requirements to qualify as a REIT. The failure of the Fund’s REIT Subsidiaries to qualify as REITs could have a negative impact on the Fund’s investment returns;
- The Fund’s investments in second lien loans and unsecured loans are lower in priority of payment to Senior Secured Loans, they are subject to the additional risk;
- The Fund’s investments in Broadly Syndicated Loans involve a number of significant risks;
- The Fund’s investments in distressed credit investments have significant risk of loss, and the Fund’s efforts to protect its distressed credit investments may involve large costs and may not be successful;
- The Fund’s credit and credit related investments will generally be in below investment grade instruments commonly referred to as “junk” or high-yield instruments and are regarded as predominantly speculative with respect to the issuer’s capacity to pay interest and repay principal;
- The Fund’s credit and credit-related investments are subject to risk of covenant breach, which could jeopardize the borrower’s ability to meet its obligations under the debt or equity securities that the Fund holds.
- The Fund is exposed to risks associated with changes in interest rates through its credit and credit-related investments. If interest rates fall, the Fund may not be able to generate income, and if interest rates rise, the Fund may incur more costs in connection with its use of leverage;
- To qualify and remain eligible for the special tax treatment accorded to RICs and their shareholders under the Internal Revenue Code of 1986, as amended (the “Code”), the Fund must meet certain source-of-income, asset-diversification and annual distribution requirements, and failure to do so could result in the loss of RIC status.
- Certain investments may be exposed to the credit risk of the counterparties with whom the Fund deals;
- The valuation of securities or instruments that lack a central trading place (such as fixed-income securities or instruments) may carry greater risk than those that trade on an exchange;
- The Fund has no fixed policy regarding portfolio maturity or duration. Holding long duration and long maturity investments will increase the Fund’s exposure to the credit and interest rate risks described above, including with respect to changes in interest rates through the Fund’s credit and credit-related investments as well as increased exposure to risk of loss;
- The Fund may be materially adversely affected by market, economic and political conditions globally and in the jurisdictions and sectors in which the Fund invests. Accordingly, the Fund should be considered a speculative investment that entails substantial risks, and a prospective investor should invest in the Fund only if they can sustain a complete loss of their investment.
- The Fund may make investments internationally, including in emerging markets. Therefore, the Fund has risks relating to international and emerging markets investing. Such risks include, but are not limited to, currency risks, greater volatility, less liquidity, greater custodial risks, less developed legal, tax, regulatory, financial reporting, accounting, and recordkeeping systems and greater political, social, and economic instability.
CCO Capital, LLC, Member FINRA/SIPC, is the exclusive wholesale marketing agent for CIM Real Assets & Credit Fund. ALPS Distributors, Inc., (1290 Broadway, Suite 1000, Denver, CO 80203, Member FINRA) is the distributor of CIM Real Assets & Credit Fund. CCO Capital and ALPS Distributors, Inc are not affiliated.
ALPS Control Number: CIM000252