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 first quarter
distribution of $0.349 for Class A, $0.343 for Class C, $0.351 for
Class I, $0.349 for Class L, and $0.347 for Class M, or a 5.22%
annualized distribution rate. The distribution will be payable on
March 29, 2018 to shareholders of record as of March 22, 2018, with
an ex-dividend date of March 23, 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 $26.75 for Class A, $26.25 for Class C, $26.93 for Class
I, $26.71 for Class L, and $26.57 for Class M as of March 22, 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 $10.3 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 December 31, 2017.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the 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 February 28, 2018 the Fund's
annualized return since inception for Class A shares was
6.80%. 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 ContactsJennifer NahasVice
President, MarketingGriffin Capital Company, LLC949-270-9332
jnahas@griffincapital.com
Julius Buchanan / Joseph KuoHaven Tower Group LLC424-652-6520,
ext. 114 / 424-652-6520, ext. 101jbuchanan@haventower.com or
jkuo@haventower.com
Griffin Institutional Access Real Estate Fund Class C Shares (MM) (NASDAQ:GCREX)
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