Bluerock Fund Gains Endorsement for Proposed NYSE Listing

Bluerock Fund Receives Strong Support for NYSE Listing
Bluerock Total Income+ Real Estate Fund is excited to share that independent proxy advisory firms have endorsed a crucial proposal related to its listing on the New York Stock Exchange. This support from Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. highlights the Fund's commitment to enhancing shareholder value.
Key Proposal for Fund Conversion
The proposal, which is also fully backed by the Fund's Board of Trustees, aims to convert the Bluerock Total Income+ Real Estate Fund from a closed-end interval fund to a listed closed-end fund. This transition is expected to provide shareholders with full daily liquidity and allow for more effective capital deployment, positioning the Fund to take advantage of current attractive opportunities in the private real estate market.
Importance of Shareholder Approval
A special meeting will be held to seek shareholder approval for this proposal. It’s an important step since, upon successful listing, the Bluerock Fund would be recognized as the largest real estate-focused listed closed-end fund globally. This initiative reflects the Fund's strategy to adapt to market conditions while prioritizing investors' needs.
What Management is Saying
Ramin Kamfar, the Founder and Chief Executive Officer of Bluerock, expressed enthusiasm about the strong recommendations from the proxy advisory firms. Kamfar said, “We are thrilled to receive this endorsement from ISS and Glass Lewis. Their recommendations affirm our initiative and underscore our commitment to maximizing long-term value for shareholders.”
How to Stay Informed
For those seeking more information about the proposed conversion, it’s advisable to visit the official investment platform. This resource will provide materials related to the initiative and future updates about the Fund's performance.
Background on Bluerock
Bluerock is a prominent institutional alternative asset manager based in the U.S., with a solid track record in the real estate market. The team has accumulated over 100 years of combined experience, managing more than $19 billion in assets. The firm offers a range of investment programs designed to deliver predictable income and foster capital growth for investors.
Frequently Asked Questions
What is the primary focus of Bluerock Fund?
The Bluerock Total Income+ Real Estate Fund focuses on providing investors with predictable income through strategic real estate investments.
What does the proposal entail?
The proposal seeks to convert the Bluerock Total Income+ Fund into a publicly traded entity on the NYSE, enhancing liquidity for shareholders.
How can shareholders participate in the meeting?
Shareholders will receive details about the special meeting to vote on the proposal. It’s important to engage in this decision to shape the future of the Fund.
Where can I find updates about the Fund?
Stakeholders can monitor updates on the official Bluerock website and any public filings related to the Fund's performance and strategy.
Who can I contact for more information?
For inquiries, shareholders can reach out to Carly Hampton, Managing Director of Bluerock. Her contact is available on the company website.
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