CNL Strategic Capital Updates NAV and Offering Prices; Declares Sept Distribution

What Happened
CNL Strategic Capital filed an 8‑K on August 24, 2026 announcing the Company’s net asset value (NAV) per share as of July 31, 2026, new public offering prices effective August 31, 2026, and a cash distribution for September. Total net asset value across all share classes was $1,494,079 (in thousands) — about $1.494 billion — and the Company reported approximately $1.54 billion in total assets as of July 31, 2026. NAV per share rose modestly month-over-month for each class (e.g., Class FA to $44.45, Class I to $39.55).

Key Details

• NAV and per-share amounts (as of July 31, 2026): Total NAV $1,494,079 (thousands); Class FA $160,713k ($44.45/share); Class A $363,172k ($39.18/share); Class I $710,779k ($39.55/share); Class S $74,182k ($44.91/share). Month-over-month per-share increases were small (e.g., Class FA +$0.11).
• New public offering prices (effective Aug 31, 2026): Class A $42.82, Class T $41.06, Class D $38.91, Class I $39.55. Selling commissions per share: Class A $2.57, Class T $1.23; dealer manager fees: Class A $1.07, Class T $0.72. Purchases under the distribution reinvestment plan will use the July 31, 2026 NAV.
• Distribution declared: Record date Sept 25, 2026; payment date Sept 28, 2026. Declared per-share cash distribution: Class FA $0.104167, Class A $0.104167, Class T $0.083333, Class D $0.093750, Class I $0.104167, Class S $0.104167.
• Distribution funding and performance: For the seven months ended July 31, 2026 total distributions declared were $26,365k — 49.2% ($12,977k) from net investment income and 50.8% ($13,388k) from offering proceeds. Cash distributions net of reinvested amounts ($12,517k) were fully funded by net investment income (after any expense support). YTD returns through July 31, 2026 ranged roughly 4.1%–5.0% across classes (e.g., Class FA YTD 5.0%, 1‑yr 9.6%; Class I YTD 4.3%, 1‑yr 8.0%).

Why It Matters
Investors should note the updated NAVs and the new public offering prices effective Aug 31 — these affect the price at which new investors buy shares and the economics of upfront sales loads. The declared September distribution and the company’s disclosure that roughly half of distributions declared in the year-to-date period were funded from offering proceeds (not investment income) are important for assessing distribution sustainability. Performance and funding detail help existing and prospective investors evaluate income coverage and the role of new capital in supporting distributions.