new york, December 20, 2023 /PRNewswire/ — BlueRock Total Income + Real Estate Fund (“TI+”, ticker: TIPRX, TIPPX, TIPWX, TIPLX, TIPMX) paid a fourth quarter distribution. $0.3965 1.3125% per share or quarter based on the stock price of $30.21 (A shares) For current shareholders of record December 19, 2023This marks the fund’s 44th consecutive quarterly distribution. This dividend is equivalent to an annual interest rate of 5.25%* based on the current stock price. Since its establishment in 2012, $25 NAV per share, TIPRX paid approx. $17.09 The return per share as a percentage of total distributions to shareholders is 65%, and the historical average tax efficiency of those distributions is 65%. * Hypothetical shareholder who invested $100,000 No load at start for A stock October 22, 2012 Cumulative total of approx. $68,360 In distribution. In addition to these quarterly distributions, TIPRX NAV/share increased approximately 21% year over year. $25.00 (at start) ~ $30.21 per share (as of December 19, 2023) and has generated an annualized return of 7.40% since inception (as of September 30, 2023).1
“We are pleased that our fund has delivered significant returns to our valued shareholders with 44 consecutive quarterly dividends, and that appreciation has accompanied the income from attractive total returns. We believe that lower yields will have a positive impact on private real estate.”Real estate prices will continue to fluctuate as recent price declines have been capital market focused.” . jeffrey schweber, CEO of BlueRock Capital Markets. “Our outlook is particularly positive for our high-conviction sectors, such as industrials, residential and life sciences, which have shown strong year-on-year NOI increases, leading to a strong market recovery and attractive We believe it will generate revenue and total return for the Fund,” Schwarber added.
Since its inception, TI+ has achieved its stated goals, including maintaining low correlation and low volatility relative to the broader market, as well as generating current returns and capital growth.
TI+’s net assets under management are approx. 5.5 billion dollars the current December 19, 2023 It is the industry’s largest real estate-focused 1940 Act interval fund. TI+ currently holds positions in 34 private equity and his 4 private debt real estate investments, with underlying assets valued at approximately $382 billion (Holdings are subject to change at any time and should not be considered investment advice).2
1 Past performance does not guarantee future results. Short-term performance is not necessarily indicative of long-term performance.
2 For more information on the Fund’s holdings, please visit bluerock.com/ti-fund/investment-holdings.
TI+ A Share and I Share Fund Net Performance
Performance through September 30, 2023 |
||||
1 year |
5 years |
10th year |
Annualized since inception3 |
|
TI+ Fund Class A |
-11.40% |
6.50% |
6.95% |
7.40% |
TI+ Fund Class A (with maximum sales charge)Four |
-16.49% |
5.25% |
6.32% |
6.82% |
TI+ Fund Class I |
-11.18% |
6.78% |
— |
7.13% |
The revenue shown is the total net revenue. Expressed as a percentage, the total return calculation is determined by taking into account changes in price, reinvesting all income gains and capital gain distributions during the period, if applicable, and dividing by the starting price. Revenues for more than one year are annualized.
3 The date of establishment of the fund is October 22, 2012.
Four The maximum sales charge for Class A shares is 5.75%. Investors may be eligible for sales fee waivers or reductions.
The performance data quoted herein represents historical performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. For performance information up to the most recent month-end, please call toll-free 1-888-459-1059. Past performance does not guarantee future results.
The total annual fund operating expense ratios, including fee waivers or expense reimbursements, are 2.04% for Class A, 2.74% for Class C, 1.78% for Class I, 2.29% for Class L, and 2.56% for Class M. The Fund’s investment adviser has contractually agreed to reduce its fees or absorb the Fund’s expenses until at least the next term. January 31, 2024 For Class A, C, I, L and M shares, the net annual fund operating expenses will not exceed 1.95% for Class A, 2.70% for Class C, 1.70% for Class I, 2.20% for Class L, and 2.45% for Class For Class M, the annual percentage of the Fund’s average daily net assets attributable to Class A, Class C, Class I, Class L, and Class M shares, respectively. It may be withdrawn from the fund in the future. Please see the Fund’s prospectus for details on expense exemptions. A Fund’s performance, especially over a very short period of time, should not be the only factor in making investment decisions. Fund performance and distributions are shown net of fees.
About BlueRock Total Income + Real Estate Fund
Bluerock Total Income+ Real Estate Fund provides individual investors with access to a portfolio of institutional real estate securities managed by top-ranked fund managers. The Fund is designed to provide a combination of recurring income, capital preservation, long-term capital appreciation, and enhanced portfolio diversification with low to moderate volatility and low correlation to broader equity and debt markets. We aim to provide comprehensive real estate holdings designed to The fund leverages an exclusive partnership with Mercer Investment Management, one of the world’s leading advisors to endowments, pension funds, sovereign wealth funds and family offices, with more than 3,300 clients worldwide. I am. $16.8 trillion Among the assets being advised.
BlueRock Total Income + Real Estate Fund is a closed-end interval fund that invests a majority of its assets in private equity real estate securities of institutional investors and typically meets minimum investment standards in the multi-million dollar range. Available only to institutional investors who can. As of the third quarter of 2023, the value of the underlying real estate held by the securities in which the Fund is invested is approximately $382 billionThis includes investments managed by Ares, Blackstone, Morgan Stanley, Principal, Prudential, Clarion Partners, Invesco, RREEF, and others. The minimum investment amount in the fund is $2,500 ($1,000 For retirement plans) For class A, C, and L shares $ 1,000,000 Class I shares are exempt.
For copies of TI+ Public Company’s filings, please visit the U.S. Securities and Exchange Commission’s website (sec.gov) or our website (bluerockfunds.com).
Investing in Bluerock Total Income+ Real Estate Fund involves risks, including loss of principal. The Fund intends to invest in multiple real estate securities, which may impose additional fees and expenses on the Fund, including management fees and performance fees, which may adversely affect returns. , as further discussed below, may expose the Fund to additional risks, including lack of management capacity. It’s in the prospectus.
*The fund’s distribution policy is quarterly distribution to shareholders. The level of quarterly distributions (including capital returns) is not fixed and this distribution policy is subject to change. Shareholders should not assume that distributions from the Fund will be funded by net income. Distributions may consist, in whole or in part, of a return of capital based on the nature of the distributions received from underlying holdings, primarily real estate investment trusts. Final determination of the source and tax nature of all distributions is made after each year end. Shareholders should be aware that returning capital reduces the tax basis of the shares and may increase any taxable gain on disposal of the shares. There can be no assurance that we will continue to declare distributions or that distributions will continue at these rates. There can be no guarantee that any investment will be effective in achieving the Fund’s investment objectives, generating positive returns, or avoiding losses.
65% is the simple average of the calendar year’s return on capital (ROC) and non-dividend distributions. January 1, 2014 – December 31, 2022. ROC should be distinguished from the economic return of capital for tax purposes, and investors are repaid from their own contributions rather than from the economic return of the investment. As a tax law concept, ROC is not tied to the financial performance of an investment. Distributions of ROC reduce the shareholder’s tax basis in the year the dividend is received and generally defer taxes on that portion until the stock is sold.
Limited liquidity will be provided to shareholders only through the Fund’s quarterly repurchase offer for 5% or more of its outstanding shares by net asset value. There can be no assurance that a stockholder will be able to sell all of his or her desired shares in a quarterly stock repurchase offer. Quarterly share repurchases by the Fund are generally financed from available cash or the sale of portfolio securities. Selling securities to fund repurchases may cause the market price of those securities to decline, which may reduce the Fund’s net asset value.
Investors should carefully consider the investment objectives, risks, charges, and expenses of Bluerock Total Income+ Real Estate Fund. This and other important information about the Fund is contained in the prospectus, available online at bluerockfunds.com. You should read the prospectus carefully before investing.
Bluerock Total Income+ Real Estate Fund is distributed by ALPS Distributors, Inc. (ALPS). Bluerock Fund Advisor, LLC is not affiliated with ALPS.
Definition:
S&P500: An index of 500 stocks selected based on factors such as market size, liquidity, and industry group. The S&P 500 is designed to be a leading indicator for U.S. stocks and is intended to reflect the risk/return characteristics of the large-cap universe (Investopedia). Risks include dynamic market fluctuations and possible loss of principal.
Bloomberg US Aggregate Bond Index: Measures the performance of the US investment grade bond market. The index invests in a broad range of investment grade public, taxable bonds. US – Includes government bonds, corporate bonds, international dollar-denominated bonds, mortgage-backed securities and asset-backed securities with maturities of more than one year. Risks include rising interest rates, the creditworthiness of the issuer, and general economic conditions.
View original content to download multimedia: https://www.prnewswire.com/news-releases/bluerock-total-income-real-estate-fund-announces-44th-consecutive-quarterly- distribution-at-a-5-25 -annual rate-302020533.html
Source Bluerock Total Income+ Real Estate Fund