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.

City National Rochdale Strategic Credit Fund announced a quarterly repurchase offer for up to 8% of outstanding Shares at NAV, with the Repurchase Period running from February 20, 2026 through March 13, 2026 and payment expected by March 27, 2026. Shareholders may tender Shares, subject to possible proration if requests exceed the authorized amount.

City National Rochdale Strategic Credit Fund updated its Prospectus and SAI to reflect the adviser’s name change from City National Rochdale, LLC to RBC Rochdale, LLC effective January 6, 2026. All related references in the disclosure will be replaced accordingly.

City National Rochdale Strategic Credit Fund updated its Officers table, adding or confirming current leadership including Gregg Giaquinto as President and Chief Executive Officer, Christina M. Weber as Chief Compliance Officer, and Dan Auciello as AML Officer and ITP Officer. The supplement reflects current officer roles and service periods for the Trust.