UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 8.01 Other Events.
Determination of Net Asset Value for Outstanding Shares for the month ended February 28, 2026
On March 30, 2026, the board of directors (the “Board”) of CNL Strategic Residential Credit, Inc. (the “Company”) determined the Company’s net asset value per share for each share class in a manner consistent with the Company’s valuation policy. This table provides the Company’s aggregate net asset value and net asset value per share for its Class FA and Class E shares as of February 28, 2026:
Month Ended February 28, 2026 |
Class E |
Class FA |
Total |
Net Asset Value |
$23,876,524 |
$545,987 |
$24,422,511 |
Number of Outstanding Shares |
966,038 |
22,181 |
988,219 |
Net Asset Value, Per Share |
$24.72 |
$24.62 |
Offering Price Adjustment
On March 30, 2026, the Company’s Board approved the new per share offering price for each share class in the Company’s private offering. As of February 28, 2026, the Company had not sold any Class A, Class T or Class I shares. The new per share offering prices for the Company's Class A, Class T and Class I shares are based on the Company's aggregate net asset value per share as of February 28, 2026 and are adjusted for applicable upfront selling commissions and dealer manager fees. The new offering prices will be used for the Company’s next monthly closing for subscriptions on March 31, 2026. The purchase price for shares purchased under our distribution reinvestment plan will be equal to the net asset value per share for each share class as of February 28, 2026. A subscriber may also obtain this information by calling us by telephone at (866) 650-0650. The following table provides the new offering prices and applicable upfront selling commissions and dealer manager fees, if any, for each share class available in the Company’s current private offering:
| Class E | Class FA | Class A | Class T | Class I | |
| Public Offering Price, Per Share | $24.72 | $24.62 | $26.91 | $25.85 | $24.62 |
| Selling Commissions, Per Share | - | - | $1.61 | $0.78 | - |
| Dealer Manager Fees, Per Share | - | - | $0.68 | $0.45 | - |
Declaration of Distributions
On March 30, 2026, the Company’s Board declared a distribution on outstanding shares of our Class E common stock and Class FA common stock. For additional information regarding sources of distributions, please see the annual and quarterly reports the Company files with the Securities and Exchange Commission. The declared cash distributions on the outstanding shares of our common stock are based on a monthly record date, as set forth below:
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Distribution Record Date |
Distribution Payment Date |
Declared Distribution Per Share for Each Share Class
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Class E |
Class FA |
April 27, 2026 |
April 28, 2026 |
$0.166667 |
$0.166667 |
Portfolio Update
In January through March 30, 2026, the Company invested approximately $6.6 million in preferred equity of entities that acquire residential mortgage servicing rights (“MSR”) interests. In January through March 30, 2026, the Company purchased 61 residential mortgage whole loans for approximately $22.3 million.
Cautionary Note Regarding Forward-Looking Statements
Statements in this Current Report on Form 8-K, including intentions, beliefs, expectations or projections relating to the items described herein, are forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on the beliefs and assumptions of the Company’s management and on the information currently available to management at the time of such statements. Forward-looking statements generally can be identified by the words “believes,” “expects,” “intends,” “plans,” “will,” “estimates” or similar expressions that indicate future events. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. Any forward-looking statement made by us in this Current Report is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. Important risks, uncertainties and factors that could cause actual results to differ materially from those in the forward-looking statements include the risks associated with the Company’s ability to pay distributions and the sources of such distribution payments, the Company’s ability to locate and make suitable investments, the economy and the broader financial markets, which may have a significant negative impact on the Company's (and its businesses) financial condition, results of operations, cash flows and net asset value per share and other risks described in the Company’s reports and the other documents filed by the Company with the Securities and Exchange Commission.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: March 30, 2026 |
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CNL Strategic Residential Credit, Inc. a Maryland corporation |
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By: |
/s/ Chirag J. Bhavsar |
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Chirag J. Bhavsar Chief Executive Officer |