New York, NY (March 31, 2016) – Bluerock’s Total Income+ Real Estate Fund (“Fund” or “TI+,” tickers: TIPRX, TIPPX, TIPWX) has paid a first quarter distribution of $0.3819 per share, or 1.31% for the quarter, based on the A share price of $29.10 for shareholders of record as of March 29, 2016. This distribution amount has grown 1% from the year ago quarter, and represents an annualized distribution rate of 5.25% based on the current share price.
“During the last year, TI+ has outperformed the major stock, bond, and public REIT benchmark indexes on a risk adjusted return basis, while achieving low, bond-like volatility,” said Ramin Kamfar, Chief Executive Officer of Bluerock. “The Fund has posted gains in the first quarter for the load waived shares and continues to deliver solid current income, capital appreciation and low correlation to the broader markets.” Net assets under management for TI+ are currently in excess of $300 million.
TI+ invests the majority of its assets in leading institutional private equity real estate securities normally available only to institutional investors, and makes them available to individual investors for a minimum investment of $2,500 ($1,000 for retirement plans) on Class A and Class C shares. The Fund currently maintains positions in 17 private equity real estate securities including investments managed by Blackstone, Morgan Stanley, Principal, Prudential, Clarion Partners, J.P. Morgan, and RREEF among others (holdings are subject to change at any time and should not be considered investment advice). At the end of the first quarter, the value of the underlying real estate held by the securities in which the Fund is invested exceeded $115 billion.
TI+ Fund Performance vs. Benchmark Indexes
1 The maximum sales charge for the fund is 5.75%. Investors may be eligible for a reduction in sales charges.
2 Performance for periods less than one year is not annualized.
3 Inception Date of the Fund is October 22, 2012.
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, 2017, to ensure that the net annual fund operating expenses will not exceed 1.91%, 2.66% and 1.66% 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 2.46%, 3.25%, and 2.24% attributable to Class A, Class C, and Class I shares, respectively. Results shown reflect the waiver, without which the results could have been lower. For performance data current to the most recent month end, please call toll-free 888-459-1059.
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 and is 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 subadvisor agreement 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. The portfolio holdings described herein are subject to change at any time and should not be considered investment advice.
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. 3290-NLD-3/30/2016