NEW YORK, March 16, 2020 /PRNewswire/ -- The Bluerock Total Income+ Real Estate Fund ("TI+," tickers: TIPRX, TIPPX, TIPWX, TIPLX) has paid a first quarter distribution of $0.4037 per share, or 1.31% for the quarter, based on the share price of $30.76 (A-shares) for shareholders of record as of March 13, 2020. This distribution amount represents an annualized rate of 5.25%* based on the current share price, marking the Fund's 29th consecutive quarterly distribution.
"TI+ continues to pay a 5.25% annual distribution, fully covered by the Fund's total return on its Class A shares since inception (10.22.2012) in addition to its NAV growth of over 23%, demonstrating the Fund's consistent income and growth throughout varying market conditions. The Fund's attractive 5.25% annual distribution rate is remarkable when you also consider the Fund's positive performance of 1.15% during turbulent financial periods such as the year-to-date S&P 500 market decline of over 15%*" said Jeffrey Schwaber, CEO of Bluerock Capital Markets. (*through 3.13.2020)
TI+ continued to meet its stated objectives, including current income and capital appreciation as well as low correlation and low volatility relative to the broader markets. Since inception, TI+ has generated higher risk-adjusted returns than major stock, bond and public REIT indexes1, while providing investors access to institutional, private equity real estate previously unavailable to individual investors.
Net assets under management for TI+ are over $2.4 billion as of March 16, 2020. Recent TI+ investments include allocations to Prologis US Logistics Fund and Carlyle Property Investors, both institutional, private equity investments.2 TI+ currently maintains positions in 25 private equity real estate investments, with underlying assets valued at approximately $200 billion (holdings are subject to change at any time and should not be considered investment advice).
1 Indexes with respective Standard Deviations and Sharpe Ratios (inception through 12/31/2019): Stocks: S&P 500, 15.47%, 1.30; Bonds: Bloomberg Barclays U.S. Aggregate Bond Index, 3.76%, 0.74; REITs: MSCI U.S. REIT Index, 17.41%, 0.73; TI+ Fund: 1.75%, 5.98. TI+ Correlations (inception through 12/31/2019): Stocks: S&P 500, 0.31; Bonds: Bloomberg Barclays U.S. Aggregate Bond Index, 0.12; MSCI U.S. REIT Index, 0.48. There are limitations when comparing across various asset classes. Equities, fixed income, and real estate securities have significantly different risk and liquidity factors.
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