{"id":38428,"date":"2020-12-20T12:12:25","date_gmt":"2020-12-20T17:12:25","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=38428"},"modified":"2023-11-04T21:43:10","modified_gmt":"2023-11-05T01:43:10","slug":"cim-income-nav-declares-december-distribution-and-year-end-distribution","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/cim-income-nav-declares-december-distribution-and-year-end-distribution\/","title":{"rendered":"CIM Income NAV Declares December Distribution and Year-End Distribution"},"content":{"rendered":"<p>On December 20, 2020, the <a href=\"https:\/\/qa.bluevaultpartners.com\/sponsor\/cim-group\/\" target=\"_blank\" rel=\"noopener noreferrer\">CIM Income NAV, Inc.<\/a>\u2019s board of directors (the \u201cBoard\u201d) authorized a distribution for the month of December 2020 (the \u201cDecember Distribution\u201d) of $0.0777 per share of the Company\u2019s Class D, Class T, Class S and Class I common stock, which amount is adjusted based on the relative net asset value of the Class D, Class T, Class S and Class I shares so that distributions constitute a uniform percentage of the net asset value per share of all classes. The December Distribution for each class of common stock is payable to stockholders of record as of the close of business on December 30, 2020, and will be paid in January 2021. The December Distribution will be paid in cash or reinvested in shares of the Company\u2019s common stock for stockholders participating in the Company\u2019s distribution reinvestment plan.<\/p>\n<p>As previously disclosed, on July 23, 2020, the Board authorized a year-end distribution (the \u201cYear-End Distribution\u201d) of $0.0839 per share of the Company\u2019s Class D, Class T, Class S and Class I common stock, which amount will be adjusted based on the relative net asset value of the Class D, Class T, Class S and Class I shares so that distributions constitute a uniform percentage of the net asset value per share of all classes. The Year-End Distribution is payable to stockholders of record as of the close of business on December 30, 2020, and will be paid in January 2021. The Year-End Distribution will be paid in cash or reinvested in shares of the Company\u2019s common stock for stockholders participating in the Company\u2019s distribution reinvestment plan.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 10pt;\"><em>Source:\u00a0 SEC<\/em><\/span><\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The December Distribution will be paid in cash or reinvested in shares of the Company\u2019s common stock for stockholders participating in the Company\u2019s distribution reinvestment plan.<\/p>\n","protected":false},"author":2700,"featured_media":38416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2714,2943],"tags":[],"class_list":["post-38428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-cim-group","category-distributions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - 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