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 third quarter
distribution of $0.351 for Class A, $0.345 for Class C, $0.352 for
Class I, $0.351 for Class L, and $0.349 for Class M, or a 5.22%
annualized distribution rate. The distribution will be payable on
September 29, 2017 to shareholders of record as of September 21,
2017, with an ex-dividend date of September 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 $26.87 for Class A, $26.46 for Class C,
$27.01 for Class I, $26.86 for Class L, and $26.75 for Class M as
of September 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
$9.5 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 June 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 08/31/17 the Fund's
annualized return since inception for Class A shares was 7.40%. 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
ContactsJennifer NahasVice President, Marketing
Griffin Capital Company, LLC
949-270-9332jnahas@griffincapital.com
Matthew Griffes / Joseph Kuo Haven Tower Group
LLC424-652-6520, ext. 103 / 424-652-6520, ext.
101mgriffes@haventower.com or jkuo@haventower.com
Griffin Institutional Access Real Estate Fund Class M (MM) (NASDAQ:GMREX)
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Griffin Institutional Access Real Estate Fund Class M (MM) (NASDAQ:GMREX)
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