CNL Strategic Residential Credit, Inc. 8-K

What Happened
CNL Strategic Residential Credit, Inc. (the Company) filed an 8-K on March 30, 2026 announcing that its Board determined the Company’s net asset value (NAV) per share as of February 28, 2026 and approved new offering prices for its private offering. The Board also declared a cash distribution for April 2026 and provided a portfolio update covering January through March 30, 2026. NAV determinations and pricing were made consistent with the Company’s valuation policy.

Key Details

• NAV as of February 28, 2026:
  • Class E aggregate NAV $23,876,524; outstanding shares 966,038; NAV per share $24.72.
  • Class FA aggregate NAV $545,987; outstanding shares 22,181; NAV per share $24.62.
  • Total NAV $24,422,511 on 988,219 outstanding shares.
• New offering prices (per share) to be used for the March 31, 2026 monthly closing:
  • Class E $24.72; Class FA $24.62; Class A $26.91; Class T $25.85; Class I $24.62.
  • Selling commissions: Class A $1.61/share, Class T $0.78/share; Dealer manager fees: Class A $0.68/share, Class T $0.45/share. No Class A, T or I shares had been sold as of Feb 28, 2026.
• Distribution declared:
  • Record date April 27, 2026; payment date April 28, 2026; declared cash distribution $0.166667 per share for both Class E and Class FA.
  • DRIP purchase price will equal the NAV per share as of Feb 28, 2026.
• Portfolio activity (Jan–Mar 30, 2026):
  • ~$6.6 million invested in preferred equity of entities acquiring residential mortgage servicing rights (MSR) interests.
  • Purchased 61 residential mortgage whole loans for approximately $22.3 million.

Why It Matters
These items affect shareholders’ per-share valuation, potential purchase prices for new investors, and near-term cash returns. The NAV figures set the baseline for monthly offering prices and for the distribution reinvestment plan; the declared $0.166667 monthly distribution is the cash amount shareholders will receive (or can reinvest) for April. The portfolio purchases (MSR preferred equity and whole loans) show where the Company is deploying capital, which can influence future income and NAV performance. As with all filings, the Company notes forward-looking statements and risks that could affect future results.