Results
CNL Strategic Capital LLC
04/24/2024 | Press release | Distributed by Public on 04/24/2024 15:03
Material Event - Form 8-K
Item 8.01 Other Events.
Determination of Net Asset Value for Outstanding Shares for the month ended March 31, 2024
On April 24, 2024, the board of directors (the "Board") determined the Company's net asset value per share for each share class in a manner consistent with the Company's valuation policy, as described under "Determination of Net Asset Value" in the Company's Prospectus. This table provides the Company's aggregate net asset value and net asset value per share for its Class FA, Class A, Class T, Class D, Class I, and Class S shares as of March 31, 2024 (in thousands, except per share data):
|
Month Ended March 31, 2024 |
Class FA | Class A | Class T | Class D | Class I | Class S | Total | |||||||||||||||||||||
| Net Asset Value | $ | 152,782 | $ | 197,940 | $ | 86,765 | $ | 92,046 | $ | 438,695 | $ | 66,005 | $ | 1,034,233 | ||||||||||||||
| Number of Outstanding Shares | 4,107 | 5,832 | 2,552 | 2,733 | 12,737 | 1,746 | 29,707 | |||||||||||||||||||||
| Net Asset Value, Per Share | $ | 37.20 | $ | 33.94 | $ | 33.99 | $ | 33.68 | $ | 34.44 | $ | 37.80 | ||||||||||||||||
| Net Asset Value, Per Share Prior Month | $ | 36.82 | $ | 33.65 | $ | 33.70 | $ | 33.38 | $ | 34.13 | $ | 37.41 | ||||||||||||||||
| Increase/Decrease in Net Asset Value, Per Share from Prior Month | $ | 0.38 | $ | 0.29 | $ | 0.29 | $ | 0.30 | $ | 0.31 | $ | 0.39 |
The change in the Company's net asset value per share for each applicable share class for the month ended March 31, 2024 was primarily driven by the increases in the fair value of ten out of fourteen of the Company's portfolio company investments. The fair value of two of the Company's portfolio company investments decreased during the same period. The fair value of two of the Company's portfolio company investments did not change. As of March 31, 2024, the Company had total assets of approximately $1.064 billion.
Public Offering Price Adjustment
On April 24, 2024, the Board approved the new per share public offering price for each share class in the Company's offering. The new public offering prices will be effective as of April 30, 2024 and will be used for the Company's next monthly closing for subscriptions on April 30, 2024. The purchase price for Class A, Class T, Class D, and Class I shares purchased under our distribution reinvestment plan will be equal to the net asset value per share for each share class as of March 31, 2024. The following table provides the new public offering prices and applicable upfront selling commissions and dealer manager fees for each share class available in this offering:
|
Class A |
Class T |
Class D |
Class I |
|
| Public Offering Price, Per Share | $37.09 | $35.69 | $33.68 | $34.44 |
| Selling Commissions, Per Share | $2.23 | $1.07 | ||
| Dealer Manager Fees, Per Share | $0.92 | $0.63 |
We have also posted this information on our website at www.cnlstrategiccapital.com. A subscriber may also obtain this information by calling us by telephone at (866) 650-0650.