New York, NY (September 30, 2015) – Bluerock’s Total Income+ Real Estate Fund (“Fund” or “TI+,” tickers: TIPRX, TIPPX, TIPWX) has paid a third quarter distribution of $0.3755 per share, or 1.31% for the quarter, based on the share price of $28.61 for shareholders of record as of September 28, 2015 (A-shares). This distribution represents an annualized distribution rate of 5.25%, up 1.5% from the previous year’s Q3.
“Year to date, TI+ has outperformed the major stock, bond, and public REIT benchmark indexes all while achieving low, bond-like volatility,” said Ramin Kamfar, Chief Executive Officer of Bluerock. “The Fund has posted gains in the third quarter even as the S&P 500 declined, and it has continued to deliver on its stated objectives including: current income, capital appreciation, low correlation and lower volatility relative to the broader markets — all critical for a particularly turbulent 2015.” The Fund has accomplished these objectives primarily through large allocations to institutional, private equity real estate, an asset class previously unavailable to individual investors.
Net assets under management for TI+ are currently in excess of $188 million. Recent TI+ investments include increased stakes in several of its institutional, private equity investments including Prudential PRISA I, UBS Trumbull Total Property Growth & Income, and Blackstone Property Partners, among others. TI+ currently maintains positions in 18 private equity real estate investments, with underlying assets valued at more than $105 billion. (Holdings are subject to change at any time and should not be considered investment advice.)
TI+ Fund Performance vs. Benchmark Indexes
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 Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until February 1, 2016, to ensure that the net annual fund operating expenses will not exceed 1.75%, 2.50% and 1.50% per annum of the Fund’s 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 2.72%, 3.54%, and 2.58% 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 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 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 are generally available only to institutional investors capable of meeting the multi-million dollar minimum investment criteria. As of the end of the third quarter, the value of the underlying real estate held by the securities in which the Fund is invested exceeded $105 billion, including investments managed by AEW, Morgan Stanley, Principal, Prudential, 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 world’s leading advisor to endowments, pension funds, sovereign wealth funds and family offices globally, with over 3,300 clients worldwide, and $9 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 Fund’s 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 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 Fund’s 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 Total Income+ Real Estate Fund is distributed by Northern Lights Distributors, LLC member FINRA/SIPC. The prospectus should be read carefully before investing. Bluerock Fund Advisor, LLC is not affiliated with Northern Lights Distributors, LLC. 3687-NLD-9/30/2015