City National Rochdale Strategic Credit Fund shareholders will vote on American Beacon becoming Investment Adviser, CIFC Investment Management continuing as Sub-Adviser, and seven nominees. Approval keeps aggregate advisory fees at 1.50% and caps net expenses at 1.95% for three years.

City National Rochdale Strategic Credit Fund obtained $750,000 of fidelity insurance coverage from Chubb from August 19, 2026 to August 19, 2027. Premiums have been paid, and covered loss types carry deductibles up to $10,000.

City National Rochdale Strategic Credit Fund disclosed a potential adviser transition to American Beacon Advisors, expected in first-quarter 2027, with 50 million shares carried forward for continuous offering. Investors are expected to vote via October 2026 proxy materials.

City National Rochdale Strategic Credit Fund seeks approval for American Beacon as Investment Adviser, CIFC as Sub-Adviser and seven Trustee nominees, with unchanged 1.50% advisory fees. Approval and asset transfer closing would rename it American Beacon CIFC Strategic Credit Fund.

City National Rochdale Strategic Credit Fund reported $83 million of securities sold, $56 million redeemed or repurchased, and $27 million of net sales for the fiscal year ending May 31, 2026. No redemption credits remain available.

City National Rochdale Strategic Credit Fund offered to repurchase up to 8% of outstanding shares, with requests due September 11, 2026, and pricing on September 18. Purchases may be pro rata if requests exceed capacity.

Chief Compliance Officer Christina Marie Weber disclosed no beneficial ownership of City National Rochdale Strategic Credit Fund securities, with 0 shares owned. Investors receive an initial ownership disclosure rather than a transaction report.

City National Rochdale Strategic Credit Fund reported its annual proxy voting notice for report calendar year 2026, covering the period ended June 30, 2026. No portfolio company voting records or investor action items were included.

The City National Rochdale Strategic Credit Fund Board approved a new investment management agreement with American Beacon Advisors, a new sub-advisory agreement with CIFC Investment Management, and a new slate of Trustees, subject to shareholder approval and closing conditions. If approved, American Beacon would become the investment adviser, the Fund would be rebranded as an American Beacon fund, and the changes are expected in the third or fourth quarter of 2026.

City National Rochdale Strategic Credit Fund is offering a quarterly repurchase of up to 8% of outstanding Shares at NAV, with requests due by 4 p.m. Eastern Time on June 5, 2026 and pricing on June 15, 2026. Shareholders who tender may receive payment on or before June 22, 2026, subject to proration if requests exceed the offer size.