Griffin Institutional Access® Real Estate Fund Announces Second Quarter Distribution
23 Giugno 2018 - 12:50AM
Griffin Capital Company, LLC announced today on behalf of Griffin
Institutional Access Real Estate Fund (NASDAQ:GIREX) (NASDAQ:GCREX)
(NASDAQ:GRIFX) (NASDAQ:GLREX) (NASDAQ:GMREX) the second quarter
distribution of $0.354 for Class A, $0.347 for Class C, $0.357 for
Class I, $0.353 for Class L, and $0.351 for Class M, or a 5.22%
annualized distribution rate. The distribution will be payable on
June 29, 2018 to shareholders of record as of June 21, 2018, with
an ex-dividend date of June 22, 2018.
To learn more about Griffin Institutional Access Real Estate
Fund, go to:
https://www.griffincapital.com/griffin-institutional-access-real-estate-fund
About Griffin Institutional Access Real Estate
FundGriffin Institutional Access Real Estate Fund (the
"Fund," tickers: GIREX, GCREX, GRIFX, GLREX, GMREX), a closed-end,
interval fund registered under the Investment Company Act of 1940,
is an actively-managed portfolio of private real estate funds and
public real estate securities, diversified by property type and
geography, offering daily pricing and periodic liquidity at net
asset value. The Fund will make quarterly offers to repurchase
between five percent and 25 percent of its outstanding shares at
net asset value. The Fund began reporting on NASDAQ on June 30,
2014 with an initial share price of $25.00 and reported a share
price of $27.13 for Class A, $26.57 for Class C, $27.33 for Class
I, $27.08 for Class L, and $26.92 for Class M as of June 21, 2018.
The advisor of the Fund is Griffin Capital Advisor, LLC, a majority
owned subsidiary of Griffin Capital Company, LLC.
About Griffin Capital Company, LLCGriffin
Capital Company, LLC ("Griffin Capital") is a leading alternative
investment asset manager with approximately $10.45 billion* in
assets under management. Founded in 1995, the privately held firm
is led by a seasoned team of senior executives with more than two
decades of investment and real estate experience and who
collectively have executed more than 650 transactions valued at
over $22 billion.
The firm manages, sponsors or co-sponsors a suite of carefully
curated, institutional quality investment solutions distributed by
Griffin Capital Securities, LLC to retail investors through a
community of partners, including independent and insurance
broker-dealers, wirehouses, registered investment advisory firms
and the financial advisors who work with these enterprises.
Additional information is available at
www.griffincapital.com.
*As of March 31, 2018.
Investors should carefully consider the investment
objectives, risks, charges and expenses of Griffin Institutional
Access Real Estate Fund (the "Fund"). This and other important
information about the Fund is contained in the prospectus, which
can be obtained by contacting your financial advisor or
visiting www.griffincapital.com.
The prospectus should be read carefully before
investing.
Griffin Institutional Access Real Estate Fund Risk
ConsiderationsAs of 5/31/18 the Fund's annualized return
since inception for load-waived Class A shares was 7.09%. The
Fund's inception date was 6/30/14. The total gross expense ratio is
2.30% for Class A, 3.05% for Class C, 2.04% for Class I, 2.46% for
Class L, and 2.73% for Class M. Performance data quoted represents
past performance. Past performance is no guarantee of future
results and investment returns and principal value of the Fund will
fluctuate so that shares, when redeemed, may be worth more or less
than their original cost. Current performance may be lower or
higher than performance data quoted. The maximum sales charge is
5.75% for Class A shares and 4.25% for Class L shares. Class C
shareholders may be subject to a contingent deferred sales charge
equal to 1.00% of the original purchase price of Class C shares
redeemed during the first 365 days after their purchase. The Fund
has contractually agreed to waive its fees to the extent that they
exceed 1.91% for Class A, 2.66% for Class C, 1.66% for Class I,
2.16% for Class L, and 2.41% for Class M until February 1, 2019.
Without the waiver the expenses would have been higher. The Fund
return does not reflect the deduction of all fees and if the fund
return reflected the deduction of such fees, the performance would
be lower. Visit www.griffincapital.com for current performance.
Distribution Policy RiskThe Fund's distribution
policy is to make quarterly distributions to shareholders.
Distribution includes a return of capital (i.e., from your original
investment) and not a return of profit. Shareholders should not
assume that the source of a distribution from the Fund is net
profit. 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. Sources of
distributions to shareholders for tax reporting purposes will
depend upon the Fund's investment experience during the remainder
of its fiscal year and may be subject to changes based on tax
regulations. Pursuant to Section 852 of the Internal Revenue Code,
the taxability of distributions will be reported on Form
1099-DIV.
The Fund distribution rate is the amount, expressed as a
percentage, a Fund investor would receive in distributions if the
most recent Fund distribution stayed consistent going forward. It
is calculated by annualizing the most recent Fund distribution
yield. The percentage represents a single distribution from the
Fund and does not represent the total return of the Fund. A copy of
the Fund’s distribution statement pursuant to Section 19(a) of the
Investment Company Act of 1940 is available at:
https://www.griffincapital.com/griffin-institutional-access-real-estate-fund/forms-and-literature.
The Fund will not invest in real estate directly, but, because
the Fund will concentrate its investments in securities of REITs
and other real estate industry issuers, its portfolio will be
significantly impacted by the performance of the real estate market
and may experience more volatility and be exposed to greater risk
than a more diversified portfolio. The value of companies engaged
in the real estate industry is affected by: (i) changes in general
economic and market conditions; (ii) changes in the value of real
estate properties; (iii) risks related to local economic
conditions, overbuilding and increased competition; (iv) increases
in property taxes and operating expenses; (v) changes in zoning
laws; (vi) casualty and condemnation losses; (vii) variations in
rental income, neighborhood values or the appeal of property to
tenants; (viii) the availability of financing and (ix) changes in
interest rates and leverage.
Investors in the Fund should understand that the NAV of the Fund
will fluctuate, which may result in a loss of the principal amount
invested. The Fund provides liquidity to shareholders quarterly
between 5% and 25% of its outstanding shares at net asset
value.
Griffin Institutional Access Real Estate Fund is
distributed by ALPS Distributors, Inc. ALPS Distributors, Inc. is
not affiliated with either Griffin Capital or any of its
affiliates.
Media ContactsJulius Buchanan /
Joseph KuoHaven Tower Group LLC424-652-6520, ext. 114 /
424-652-6520, ext. 101jbuchanan@haventower.com or
jkuo@haventower.com
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