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 fourth quarter
distribution of $0.352 for Class A, $0.346 for Class C, $0.354 for
Class I, $0.352 for Class L, and $0.350 for Class M, or a 5.22%
annualized distribution rate. The distribution will be payable on
December 29, 2017 to shareholders of record as of December 21,
2017, with an ex-dividend date of December 22, 2017.
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 $26.96 for Class A, $26.51 for Class C, $27.13 for Class
I, $26.94 for Class L, and $26.82 for Class M as of December 21,
2017. 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 $9.6 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 September 30, 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 11/30/17 the Fund's annualized return
since inception for Class A shares was 7.42%. The Fund's
inception date was 6/30/14. The total gross expense ratio is 2.42%
for Class A, 3.17% for Class C, 2.17% for Class I, 2.67% for Class
L, and 2.92% 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, and 2.41% for Class
M until February 1, 2018. The Fund has contractually agreed to
waive its fees to the extent that they exceed 2.16% for Class L
until May 31, 2018. 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 Contacts Jennifer Nahas Vice President,
Marketing Griffin Capital Company
jnahas@griffincapital.com Office Phone: 949-270-9332 Cell
Phone: 949-433-6860
Julius Buchanan / Joseph Kuo Haven Tower Group LLC 424 652 6520,
ext. 114 / 424 652 6520, ext. 101 jbuchanan@haventower.com or
jkuo@haventower.com
Griffin Institutional Access Real Estate Fund Class C Shares (MM) (NASDAQ:GCREX)
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Griffin Institutional Access Real Estate Fund Class C Shares (MM) (NASDAQ:GCREX)
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