0001387131-20-004016.txt : 20200421 0001387131-20-004016.hdr.sgml : 20200421 20200421183621 ACCESSION NUMBER: 0001387131-20-004016 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200421 DATE AS OF CHANGE: 20200421 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CNL Strategic Capital, LLC CENTRAL INDEX KEY: 0001684682 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 320503849 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-222986 FILM NUMBER: 20806208 BUSINESS ADDRESS: STREET 1: P.O. BOX 4920 CITY: ORLANDO STATE: FL ZIP: 32802 BUSINESS PHONE: 407-650-1000 MAIL ADDRESS: STREET 1: P.O. BOX 4920 CITY: ORLANDO STATE: FL ZIP: 32802 424B3 1 cnl-424b3_042020.htm SUPPLEMENT NO. 1 DATED APRIL 21, 2020

 

 

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-222986

 

CNL STRATEGIC CAPITAL, LLC

 

SUPPLEMENT NO. 1 DATED APRIL 21, 2020

TO THE PROSPECTUS DATED APRIL 16, 2020

 

We are providing this supplement to you in order to supplement our prospectus dated April 16, 2020 (as supplemented to date, the “Prospectus”). This supplement provides information that shall be deemed part of, and must be read in conjunction with, the Prospectus. Capitalized terms used in this supplement have the same meanings in the Prospectus unless otherwise stated herein. The terms “we,” “our,” “us” and “Company” refer to CNL Strategic Capital, LLC.

 

Before investing in our shares you should read the entire Prospectus and this supplement, and consider carefully our investment objectives, risks, fees and expenses. You should also carefully consider the information disclosed in the section of the Prospectus captioned “Risk Factors” before you decide to invest in our shares.

 

The purpose of this supplement is to disclose the following:

 

●to disclose the Company's net asset value for the month ended March 31, 2020;
●to disclose the adjusted per share public offering price for each class of our shares, effective as of April 28, 2020, the date which is five business days after this supplement is filed with the Securities and Exchange Commission; and
●to disclose information about our distributions.

 

Determination of Net Asset Value for the month ended March 31, 2020

 

On April 20, 2020, the Company’s 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 Prospectus. Class FA and Class S shares are not being offered in the Company’s Offering. The following 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, 2020:

 

Month Ended

March 31, 2020

  Class FA  Class A 

 

Class T

 

 

Class D

  Class I 

 

Class S

  Total
 Net Asset Value   $126,919,282   $20,887,589   $8,813,664   $8,624,930   $29,242,887   $245,270   $194,733,622 
 Number of Outstanding Shares    4,674,839    794,274    334,315    322,538    1,101,367    9,030    7,246,363 
 Net Asset Value, Per Share   $27.15   $26.30   $26.36   $25.94   $26.55   $27.16      

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. 

 

   
 

Public Offering Price Adjustment

On April 20, 2020, the Board also approved the new per share public offering price for each share class in the Offering. The new public offering prices will be effective as of April 28, 2020 and will be used for the Company’s next monthly closing for subscriptions on April 30, 2020. As of the date of this supplement, all references throughout the Prospectus to the per share public offering price for each share class available in the Offering are hereby updated to reflect the new per share public offering prices stated in the table below. 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 as of March 31, 2020. The following table provides the new public offering prices and applicable upfront selling commissions and dealer manager fees for each share class available in the Offering:

 

   Class A  Class T  Class D  Class I
 Public Offering Price, Per Share   $28.74   $27.67   $25.94   $26.55 
 Selling Commissions, Per Share   $1.72   $0.83           
 Dealer Manager Fees, Per Share   $0.72   $0.48           

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.

Declaration of Distributions

On April 20, 2020, the Board declared cash distributions on the outstanding shares of all classes of our common shares based on a monthly record date, as set forth below:

 

Distribution Record Date 

Distribution Payment Date

  Declared Distribution Per Share for Each Share Class
      Class FA  Class A  Class T  Class D  Class I  Class S
May 28, 2020  June 10, 2020  $ 0.104167  $0.104167   $0.083333   $0.093750   $0.104167   $0.104167