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Bluerocks Total Income+ Real Estate Fund (Fund, ticker: TIPRX, TIPPX, TIPWX) announced today it paid a second quarter distribution of $.3697 per share, or 1.31% for the quarter based on the share price of $28.17 for shareholders of record as of June 26, 2014 (A-shares). This distribution also represents a 56% increase over 2013s Q2 dividend.
New York, NY (PRWEB) July 02, 2014
TIPRX continues to invest its assets into best-in-class institutional real estate funds managed by top sponsors and we are pleased to report that the fund continues to perform strongly, as we have expected, said Ramin Kamfar, Bluerocks Chief Executive Officer.
As of the end of June 2014, the Funds assets under management exceeded $79 million and included new investments during the quarter in JP Morgan U.S. Real Estate Growth & Income, a private equity real estate investment.
The Fund began trading on October 22, 2012 and closed the quarter as of June 30, 2014, with an inception-to-date, annualized total return of 10.52% (Class A shares, excluding sales load). The Fund closed the quarter as of June 30, 2014, with an inception-to-date, annualized total return of 6.70% (Class A shares, with load). The Funds one-year, annualized total return as of June 30, 2014 was 10.35% (Class A shares, excluding sales load) and 4.02% (Class A shares, with load).
The maximum sales charge for Class A shares is 5.75%.
The performance data quoted here represents past 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. Past performance is no guarantee of future results. The Funds investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until March 31, 2015, to ensure that the net annual fund operating expenses will not exceed 1.84%, 2.59% and 1.59% per annum of the Funds average daily net assets attributable to Class A, Class C, and Class I shares, respectively, subject to possible recoupment from the Fund in future years. Without this waiver, expenses would be 5.07%, 5.82%, and 4.82% attributable to Class A, Class C, and Class I shares respectively. Results shown reflect the waiver, without which the results could have been lower. Please review the Funds Prospectus for more detail on the expense waiver. Results shown reflect the waiver, without which the results could have been lower. A Funds performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. Fund performance and distributions are calculated using SEC form N-1A.
The Total Income+ Real Estate Fund invests the majority of its assets in institutional private equity real estate securities that generally were available only to institutional investors capable of meeting the multi-million dollar minimum investment criteria. As of the end of the second quarter, the value of the underlying real estate held by the securities in which the Fund is invested exceeded $50 billion, including investments managed by AEW, Morgan Stanley, Principal, Clarion Partners, J.P. Morgan, and RREEF, among others. The minimum investment in the Fund is $2,500 ($1,000 for retirement plans) for Class A and Class C shares.
About Total Income+ Real Estate Fund
The Total Income+ Real Estate Fund offers individual investors access to a portfolio of institutional real estate securities managed by top-ranked fund managers. The Fund seeks to provide a comprehensive real estate holding designed to provide a combination of current income, capital preservation, long-term capital appreciation and enhanced portfolio diversification with low to moderate volatility and low correlation to the broader equity and fixed income markets. The Fund utilizes an exclusive partnership with Mercer Investment Management, Inc., the worlds leading advisor to endowments, pension funds, sovereign wealth funds and family offices globally, with over 3,300 clients worldwide, and $7 trillion in assets under advisement.
Investing in the Total Income+ Real Estate Fund involves risks, including the loss of principal. The Fund intends to make investments in multiple real estate securities that may subject the Fund to additional fees and expenses, including management and performance fees, which could negatively affect returns and could expose the Fund to additional risk, including lack of control, as further described in the prospectus. The Funds distribution policy is to make quarterly distributions to shareholders. The level of quarterly distributions (including any return of capital) is not fixed. However, this distribution policy is subject to change. Shareholders should not assume that the source of a distribution from the Fund is net profit. A portion of the distributions consist of a return of capital based on the character of the distributions received from the underlying holdings, primarily Real Estate Investment Trusts. The final determination of the source and tax characteristics of all distributions in 2014 will be made after the end of the year. Shareholders should note that return of capital will reduce the tax basis of their shares and potentially increase the taxable gain, if any, upon disposition of their shares. There is no assurance that the Company will continue to declare distributions or that they will continue at these rates. There can be no assurance that any investment will be effective in achieving the Funds investment objectives, delivering positive returns or avoiding losses.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Total Income+ Real Estate Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 888-459-1059. The prospectus should be read carefully before investing. Bluerock Fund Advisor, LLC is not affiliated with Northern Lights Distributors, LLC. 3139-NLD-7/1/2014
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