On April 30, 2026, CNL Strategic Capital, LLC (the "Company") reconvened its special meeting of shareholders (the "Special Meeting") at which a quorum was present in person or by proxy. The Special Meeting was initially called to order on March 30, 2026, and was adjourned on such date until April 30, 2026.

The proposals are described in detail in the Company's definitive proxy statement (the "Proxy Statement") filed with the Securities and Exchange Commission ("SEC") on January 29, 2026. As of January 27, 2026, the record date for the determination of shareholders entitled to notice of, and to vote at, the Special Meeting, 36,307,994 shares of limited liability company interests (the "shares") were eligible to be voted, and 20,000,412 of those shares were voted in person or by proxy at the reconvened Special Meeting on April 30, 2026. At the Special Meeting, the Company's shareholders voted on a total of one proposal, as identified below, which was described in the Company's Proxy Statement.

The following are the voting results on the proposal considered and voted upon at the Special Meeting.

The Company adjourned the Special Meeting with respect to Proposal No. 1, the Enhanced Liquidity Plan proposal, to permit additional time to solicit shareholder votes. The reconvened Special Meeting will be held on May 27, 2026, at 2:00 p.m., Eastern Time, at the principal offices of the Company located at CNL Center at City Commons, Tower I, 450 South Orange Avenue, Orlando, Florida, 32801. Valid proxies submitted prior to the reconvened Special Meeting on April 30, 2026, will continue to be valid for the proposal to be considered at the reconvened Special Meeting, unless properly changed or revoked prior to votes being taken at the reconvened Special Meeting. The record date of January 27, 2026, will remain the same for the reconvened Special Meeting.