NEW
YORK, Sept. 16, 2022 /PRNewswire/ -- Bluerock
Total Income+ Real Estate Fund ("TI+," tickers: TIPRX, TIPPX,
TIPWX, TIPLX, TIPMX) has paid a third quarter distribution of
$0.5001 per share, or 1.31% for the
quarter, based on the share price of $38.10 (A-shares) for shareholders of record as
of September 15, 2022. This
distribution amount represents an annualized rate of 5.25%* based
on the current share price, marking the Fund's 39th consecutive
quarterly distribution. Since inception in 2012 at $25.00 per share, TIPRX has paid nearly
$15 per share in total distributions
to its shareholders. In addition to these quarterly distributions,
TIPRX NAV has grown over 52% from $25
to $38.10 per share (as of 9.15.2022)
and has generated a 9.58% annualized return since inception, with
positive returns in each and every calendar year since inception.
Due to this growth, shareholders who purchased at inception NAV of
$25/share will receive a distribution
amount at an annual rate of approximately 8.0% based on their
original investment amount.
"While persistent inflation and rising interest rates have
created turbulence and steep declines in the stock and bond markets
in 2022, TI+ has continued to provide a consistent 5.25% annual
distribution rate* and has generated over 425 basis points (4.25%)
of annual appreciation over and above the distributions since
inception, with almost no drawdown this year," said Jeffrey Schwaber, CEO of Bluerock Capital
Markets. "In fact, while the leading stock and bond indexes have
dropped 17% and 12% respectively, TI+ is up nearly 16% year to
date," added Schwaber. (YTD 2022 through 9.15.22, TIPRX, no load
S&P 500, Bloomberg Aggregate Bond Index)1
Since inception, TI+ has delivered on its stated objectives,
including current income and capital appreciation as well as low
correlation and low volatility relative to the broader markets.
Net assets under management for TI+ are approximately
$7.2 billion as of September 15, 2022, making TI+ the largest real
estate interval fund in the industry as measuring by net assets.
TI+ currently maintains positions in 32 private equity and 4
private debt real estate investments, with underlying assets valued
at approximately $363 billion
(holdings are subject to change at any time and should not be
considered investment advice).2
1Source:
Morningstar Direct. Past Performance is no guarantee of future
results. Short term performance is not necessarily indicative of
long-term performance.
|
2 For
detailed Fund holdings, please visit
http://bluerockfunds.com/investment-holdings/
|
TI+ A Share Fund Net Performance
|
Performance Through
6.30.2022
|
Performance Through
9.15.2022
|
|
One
Year
|
Five
Year
|
Annualized
Since
Inception3
|
YTD
|
Since
Inception3
|
TI+ Fund Class
A
|
30.43 %
|
10.89 %
|
9.64 %
|
15.98 %
|
9.58 %
|
TI+ Class
A4 with
Max Sales Charge
|
22.93 %
|
9.58 %
|
8.97 %
|
9.30 %
|
8.93 %
|
Returns presented are
total net return: Expressed in percentage terms, the
calculation of total return is determined by taking the change in
price, reinvesting, if applicable, all income and capital gains
distributions during the period, and dividing by the starting
price. Returns greater than one year are annualized.
|
|
3 Inception date of the Fund is
October 22, 2012.
|
4 The
maximum sales charge for the Class A shares is 5.75%. Investors may
be eligible for a waiver or a reduction in the sales
charge.
|
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. For performance information current to
the most recent month end, please call toll-free 1-888-459-1059.
Past performance is no guarantee of future results.
The total annual fund operating expense ratio, gross of any fee
waivers or expense reimbursements, is 2.09% for Class A, 2.81% for
Class C, 1.83% for Class I, 2.32% for Class L, and 2.58% for Class
M. The Fund's investment advisor has contractually agreed to reduce
its fees and/or absorb expenses of the fund, at least until
January 31, 2023 for Class A, C, I, L
and M shares, to ensure that the net annual fund operating expenses
will not exceed 1.95% for Class A, 2.70% for Class C and 1.70% for
Class I, 2.20% for Class L and 2.45% for Class M, per annum of the
Fund's average daily net assets attributable to Class A, Class C,
Class I, Class L, and Class M shares, respectively, subject to
possible recoupment from the Fund in future years. Please review
the Fund's Prospectus for more detail on the expense waiver. A
fund's performance, especially for very short periods of time,
should not be the sole factor in making your investment decisions.
Fund performance and distributions are presented net of
fees.
About Bluerock Total Income+ Real Estate Fund
The
Bluerock Total Income+ Real Estate Fund is a closed-end interval
fund that invests the majority of its assets in institutional
private equity real estate securities that are generally available
only to institutional investors capable of meeting the
multi-million dollar minimum investment criteria. As of Q2 2022,
the value of the underlying real estate held by the securities in
which the Fund is invested is approximately $363 billion, including investments managed by
Ares, Blackstone, Morgan Stanley, Principal, Prudential, Clarion
Partners, Invesco and RREEF, among others. The minimum investment
in the Fund is $2,500 ($1,000 for retirement plans) for Class A, C, and
L shares.
For copies of TI+ public company filings, please visit the U.S.
Securities and Exchange Commission's website at www.sec.gov or the
Company's website at www.bluerockfunds.com.
The Bluerock 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 world's
leading advisor to endowments, pension funds, sovereign wealth
funds and family offices globally, with over 3,300 clients
worldwide, and over $17.3 trillion in
assets under advisement.
Investing in the Bluerock 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 Fund's distribution policy is to make quarterly
distributions to shareholders. The level of quarterly distributions
(including any return of capital) is not fixed and this
distribution policy is subject to change. Shareholders should not
assume that the source of a distribution from the Fund is net
profit. All or 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 will be made after the end of
each 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
Fund's investment objectives, delivering positive returns or
avoiding losses.
Limited liquidity is provided to shareholders only through
the Fund's quarterly repurchase offers for no less than 5% of the
Fund's shares outstanding at net asset value. There is no guarantee
that shareholders will be able to sell all of the shares they
desire in a quarterly repurchase offer. Quarterly repurchases by
the Fund of its shares typically will be funded from available cash
or sales of portfolio securities. The sale of securities to fund
repurchases could reduce the market price of those securities,
which in turn would reduce the Fund's net asset value.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Bluerock Total
Income+ Real Estate Fund. This and other important information
about the Fund is contained in the prospectus, which can be
obtained online at bluerockfunds.com. The prospectus should be read
carefully before investing.
The Bluerock Total Income+ Real Estate Fund is distributed by
ALPS Distributors, Inc (ALPS). Bluerock Fund Advisor, LLC is not
affiliated with ALPS.
Definitions:
S&P 500: An index of 500 stocks chosen for market
size, liquidity and industry grouping, among other factors. The
S&P 500 is designed to be a leading indicator of U.S. equities
and is meant to reflect the risk/return characteristics of the
large cap universe (Investopedia). Risks include the dynamic
fluctuations of the market and possible loss of principal.
The Bloomberg U.S. Aggregate Bond Index: measures the
performance of the U.S. investment grade bond market. The index
invests in a wide spectrum of public, investment-grade, taxable,
fixed income securities in the United
States – including government, corporate, and international
dollar-denominated bonds, as well as mortgage-backed and
asset-backed securities, all with maturities of more than 1 year.
Risks include rising interest rates, credit quality of the issuers
and general economic conditions.
Nasdaq Composite: market capitalization-weighted index of
over 3,000 common equities listed on the Nasdaq stock exchange. The
Index's composition is over 50% technology, with consumer services,
consumer goods, and financials the next most prominent
industries.
MSCI US REIT Index (Public REITs): A free float-adjusted
market capitalization weighted index comprised of equity REITs that
are included in the MSCI US Investable Market 2500 Index, with the
exception of specialty equity REITs that do not generate a majority
of their revenue and income from real estate rental and leasing
operations. The index represents approximately 85% of the US REIT
universe (www.msci.com). Returns shown are for informational
purposes and do not reflect those of the Fund. You cannot invest
directly in an index and unmanaged indices do not reflect fees,
expenses or sales charges. Risks include rising interest rates or
other economic factors that may negatively affect the value of the
underlying real estate.
Smart Investment Solutions™
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