EL SEGUNDO, Calif., Dec. 23, 2016 (World NEWSWIRE) — Griffin Funds Company announced these days on behalf of Griffin Institutional Access Real Estate Fund (NASDAQ:GIREX) (NASDAQ:GCREX) (NASDAQ:GRIFX) (NASDAQ:GMREX) the fourth quarter distribution of $.349 for Course A, $.346 for Course C, $.351 for Course I, and $.349 for Course M, or a 5.22% annualized distribution level. The distribution will be payable on December thirty, 2016 to shareholders of record as of December 22, 2016, with an ex-dividend date of December 23, 2016.
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About Griffin Institutional Access Real Estate Fund and Griffin Funds Company
Griffin Institutional Access Real Estate Fund (the “Fund,” tickers: GIREX, GCREX, GRIFX, GMREX), a closed-finish, interval fund registered beneath the Financial investment Firm Act of 1940, is an actively-managed portfolio of non-public real estate money and public real estate securities, diversified by residence sort and geography, offering day by day pricing and periodic liquidity at net asset price. The Fund will make quarterly provides to repurchase between five per cent and 25 per cent of its remarkable shares at net asset price. The Fund involves a bare minimum financial commitment of $2,500 for standard accounts and $one,000 for retirement prepare accounts. The Fund commenced reporting on NASDAQ on June thirty, 2014 with an initial share selling price of $25.00 and reported a share selling price of $26.78 for Course A, $26.fifty two for Course C, $26.87 for Course I, and $26.seventy seven for Course M as of December 22, 2016. The advisor of the Fund is Griffin Funds Advisor, LLC, a the vast majority owned subsidiary of Griffin Funds Company. Griffin Funds Company (“Griffin Funds”), is a privately-held, Los Angeles headquartered financial commitment and asset administration enterprise with a 21-12 months observe record sponsoring real estate financial commitment vehicles and running institutional money. Led by senior executives with more than two many years of real estate knowledge who have collectively closed transactions representing in excess of $22. billion in price, Griffin Funds and its affiliates have obtained or constructed close to 55.4 million sq. ft of place because 1995. Griffin Funds and its affiliates very own, deal with, sponsor and/or co-sponsor a portfolio consisting of close to 38* million sq. ft of place, found in thirty states and the United Kingdom, representing close to $6.nine* billion in asset price, centered on obtain selling price, as of September thirty, 2016.
*Involves the residence facts associated to pursuits held in selected joint ventures.
Traders should meticulously consider the financial commitment targets, hazards, prices and expenditures of the Griffin Institutional Access Real Estate Fund (the “Fund”). This and other crucial facts about the Fund is contained in the prospectus, which can be obtained by calling your money advisor or going to www.griffincapital.com. The prospectus should be read through meticulously before investing.
Griffin Institutional Access Real Estate Fund Chance Issues
As of 11/thirty/16 the Fund’s annualized return because inception for Course A shares was 7.73%. The Fund’s inception date was 6/thirty/2014. The total gross expense ratio is 2.68% for Course A, 3.43% for Course C, 2.43% for Course I. The total believed gross expense ratio is 3.18% for Course M. Performance facts quoted represents earlier general performance. Past general performance is no promise of future final results and financial commitment returns and principal price of the Fund will fluctuate so that shares, when redeemed, could be well worth more or considerably less than their first price tag. Current general performance could be decreased or higher than general performance facts quoted. The greatest product sales cost is 5.seventy five% for Course A shares. Course C shareholders could be subject to a contingent deferred product sales cost equal to one.00% of the first obtain selling price of Course C shares redeemed during the first 365 times after their obtain. The Fund has contractually agreed to waive its fees to the extent that they exceed one.ninety one% for Course A, 2.sixty six% for Course C, one.sixty six% for Course I, and 2.forty one% for Course M till November thirty, 2017. With no the waiver the expenditures would have been higher. The net asset price fund return does not reflect the deduction of all fees and if the fund return mirrored the deduction of these kinds of fees, the general performance would be decreased. Visit www.griffincapital.com for present general performance.
Distribution Plan Chance
The Fund’s distribution coverage is to make quarterly distributions to shareholders. Distribution incorporates a return of money (i.e., from your first financial commitment) and not a return of earnings. Shareholders should not think that the supply of a distribution from the Fund is net earnings. Shareholders should take note that return of money will lower the tax basis of their shares and possibly boost the taxable achieve, if any, on disposition of their shares. Resources of distributions to shareholders for tax reporting applications will rely on the Fund’s financial commitment knowledge during the remainder of its fiscal 12 months and could be subject to changes centered on tax rules. Pursuant to Portion 852 of the Inside Income Code, the taxability of distributions will be reported on Variety 1099-DIV for 2016.
The Fund distribution level is the total, expressed as a share, a Fund investor would acquire in distributions if the most modern Fund distribution stayed reliable heading forward. It is calculated by annualizing the most modern Fund distribution yield. The share represents a solitary distribution from the Fund and does not symbolize the total return of the Fund. A duplicate of the Fund’s distribution statement pursuant to Portion 19(a) of the Financial investment Firm Act of 1940 is readily available at: https://www.griffincapital.com/griffin-institutional-access-true-estate-fund/forms-and-literature.
The Fund will not devote in real estate right, but, mainly because the Fund will concentrate its investments in securities of REITs and other real estate field issuers, its portfolio will be appreciably impacted by the general performance of the real estate current market and could knowledge more volatility and be uncovered to bigger risk than a more diversified portfolio. The price of businesses engaged in the real estate field is affected by: (i) changes in normal financial and current market circumstances (ii) changes in the price of real estate houses (iii) hazards associated to neighborhood financial circumstances, overbuilding and increased opposition (iv) raises in residence taxes and operating expenditures (v) changes in zoning legal guidelines (vi) casualty and condemnation losses (vii) variations in rental earnings, neighborhood values or the appeal of residence to tenants (viii) the availability of financing and (ix) changes in fascination costs and leverage.
Traders in the Fund should realize that the NAV of the Fund will fluctuate, which could result in a reduction of the principal total invested. The Fund supplies liquidity to shareholders quarterly between 5% and 25% of its remarkable shares at net asset price.
Resources of distributions to shareholders for tax reporting applications will rely on the Fund’s financial commitment knowledge during the remainder of its fiscal 12 months and could be subject to changes centered on tax rules. Pursuant to Portion 852 of the Inside Income Code, the taxability of distributions will be reported on Variety 1099-DIV for 2016.
Griffin Institutional Access Real Estate Fund is distributed by ALPS Distributors, Inc. ALPS Distributors, Inc. is not affiliated with either Griffin Funds or any of its affiliates.
Media Contacts Jennifer Nahas Vice President, Promoting Griffin Funds Company 949-270-9332 firstname.lastname@example.org Matthew Griffes / Joseph Kuo Haven Tower Team LLC 424 652 6520, ext. 103 / 424 652 6520, ext. one hundred and one email@example.com or firstname.lastname@example.org