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Example case studies are shown to illustrate capabilities within the strategy. There is no guarantee that any strategy objectives will be met or that past results will be replicated.

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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 , which may be obtained by contacting your financial professional or visiting www.cimgroup.com. Please read the carefully before you invest.

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Investing in CIM Real Assets & Credit Fund (the ¡°Fund¡±) involves risks, including the risk that shareholders may receive little or no return on their investment or that shareholders may lose part or all of their investment. 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:

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• The current worldwide financial markets situation, as well as various social and political tensions in the United States and around the world (including wars and other forms of conflict, terrorist acts, security operations and catastrophic events such as fires, floods, earthquakes, tornadoes, hurricanes and global health epidemics), may contribute to increased market volatility, may have long term effects on the United States and worldwide financial markets, and may cause economic uncertainties or deterioration in the United States and worldwide. Any of the above factors could have a material adverse effect on the Fund¡¯s business, financial condition, cash flows and results of operations and could cause the market value of the Common Shares to decline.?
• Unlike shares of most closed-end funds, the Common Shares are not 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 is exposed to the risks related to investments in real estate, including risks related to the performance of the real estate market;?
• Because the Fund has significant 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;?
• Certain of the Fund¡¯s real estate investments are made through its REIT Subsidiaries, which are 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 has made and may continue to 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.

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CCO Capital, LLC, Member FINRA/SIPC, is the exclusive wholesale marketing agent for CIM Real Assets & Credit Fund. Northern Lights Distributors, LLC (4221 North 203rd Street, Suite 100, Elkhorn, NE 68022, Member FINRA) is the distributor of CIM Real Assets & Credit Fund. CCO Capital and Northern Lights Distributors, LLC are not affiliated.

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20250506-4414083

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CIM4402241