NEW
YORK, Dec. 21, 2022 /PRNewswire/ -- Bluerock
Total Income+ Real Estate Fund ("TI+," tickers: TIPRX, TIPPX,
TIPWX, TIPLX, TIPMX) has paid a fourth quarter distribution of
$0.4751 per share, or 1.31% for the
quarter, based on the share price of $36.20 (A-shares) for shareholders of record as
of December 20, 2022. This
distribution amount represents an annualized rate of 5.25%* based
on the current share price, marking the Fund's 40th consecutive
quarterly distribution. Since inception in 2012 at $25.00 per share, TIPRX has paid nearly
$15.00 per share in total
distributions to its shareholders. In addition to these quarterly
distributions, TIPRX NAV has grown nearly 45% from $25 to $36.20 per
share (as of 12.20.2022) and has generated an 8.92% annualized
return since inception.
"As we have seen in 2022, it's critical for investors to be able
to generate attractive income with minimal drawdowns (price
declines) as seen in once safely perceived investment-grade bond
indices which have dropped nearly 20% at their trough. TI+,
however, has continued to provide a consistent 5.25% annual
distribution rate* (approximately 63% has been tax deferred since
inception) and has generated over 350 basis points (3.50%) of
annual appreciation over and above the distributions since
inception, with minimal drawdown this year," said Jeffrey Schwaber, CEO of Bluerock Capital
Markets. "Additionally, while the leading stock and bond indexes
have dropped 19% and 12% respectively, TI+ is up over 11% year to
date," added Schwaber. (YTD 2022 through 12.20.22, TIPRX, no load
S&P 500, Bloomberg Aggregate Bond Index)1
Since inception, TI+ has delivered on its stated objectives,
including generating current income and capital appreciation as
well as maintaining low correlation and low volatility relative to
the broader markets.
Net assets under management for TI+ are approximately
$7.2 billion as of December 21, 2022. TI+ currently maintains
positions in 32 private equity and 3 private debt real estate
investments, with underlying assets valued at approximately
$383 billion (holdings are subject to
change at any time and should not be considered investment
advice).2
1 Source:
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
bluerock.com/ti-fund/investment-holdings
|
TI+ A Share Fund Net Performance
|
Performance Through
9.30.2022
|
Performance Through
12.20.2022
|
|
One
Year
|
Five
Year
|
Annualized
Since Inception3
|
YTD
|
Since
Inception3
|
TI+ Fund Class
A
|
24.67 %
|
10.78 %
|
9.50 %
|
11.66 %
|
8.92 %
|
TI+ Class
A4 with Max Sales Charge
|
17.50 %
|
9.48 %
|
8.85 %
|
5.23 %
|
8.28 %
|
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 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 $16.8 trillion in
assets under advisement.
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
Q3 2022, the value of the underlying real estate held by the
securities in which the Fund is invested is approximately
$383 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.
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.
BLU001008
Smart Investment Solutions™
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