Today, Resource Real Estate Diversified Income Fund (the “Fund,”
ticker RREDX) announced its quarterly distribution of $0.15* per
share as of September 30, 2016. This represents a 5.9 percent
distribution, placing it in excess of the Fund’s initial target of
5 percent.** This is the fourteenth consecutive quarterly
distribution. The Fund began trading on March 12, 2013, and closed
the quarter as of September 30, 2016 with an inception-to-date
cumulative total return of 26.4 percent.
The Fund seeks current income, risk diversification and
long-term appreciation by investing in a portfolio of private real
estate equity, global traded REIT equity, and real estate
credit.
Per Annum Fund Performance as of 9/30/16.
As of 9/30/16 1-year
3-year 5-year Since
Inception (3/12/13) The Fund 11.2%
9.35% N/A 6.81% The Fund with MOP***
4.0% 7.22% N/A
5.05%
The Fund’s expense ratio has been deducted from the Fund’s
performance data. The performance data quoted here represents past
performance. Current performance may be lower or higher than the
performance data quoted above. Past performance is no guarantee of
future results. The investment return and principal value of an
investment will fluctuate so that a shareholder’s shares, when
redeemed, may be worth more or less than their original cost. The
Fund’s investment advisor has contractually agreed to reduce its
fees and/or absorb expenses of the Fund, at least until September
10, 2018, to ensure that the net annual Fund operating expenses
will not exceed 1.99%, subject to possible recoupment from the Fund
in future years. Without these waivers and reimbursements, the
Fund’s total annual operating expenses with respect to Class A
shares would be 2.68%. Please review the Fund’s prospectus for more
information regarding the Fund’s fees and expenses. Performance and
expenses shown are for Class A shares (please see the Fund’s
prospectus for information about other share classes). For
performance information current to the most recent month-end,
please call toll-free (866) 773-4120.
*To calculate the quarterly distribution, the Fund takes the
income received from the Fund’s portfolio, subtracts expenses and
divides the result by the total number of shares owned by the
Fund’s shareholders. Distributions are not guaranteed.
**Target yield is measured at the Fund level and is not equal to
actual returns for a shareholder. As portfolio and market
conditions change, future distributions will vary and target yields
may not be obtained in the future.
*** Maximum Offering Price (MOP) for Class A shares includes the
Fund’s maximum sales charge of 6.50%.
A portion of the distributions consists of a return of capital
based on the character of the distributions received from the
underlying holdings, primarily Real Estate Investment Trusts
(REITs). The final determination of the source and tax
characteristics of all distributions in 2016 will be made after the
end of the year. Shareholders should note that a return of capital
will reduce the tax basis of their shares and potentially increase
the taxable gain, if any, upon disposition of their shares. There
is no assurance that the Fund will continue to declare
distributions or that distributions will continue at these rates.
There can be no assurance that any investment by the Fund will be
effective in achieving the Fund’s investment objectives, delivering
positive returns or avoiding losses.
This distribution policy is subject to change. The Fund may make
distributions that are treated as a return of capital. A return of
capital may occur, for example, when some or all of the money that
you invested in the Fund is paid back to you. A return of capital
distribution does not necessarily reflect the Fund’s investment
performance and should not be confused with “yield,” “income” or
“profit.” The Fund’s distribution amounts were calculated based on
the ordinary income received from the underlying investments,
including net investment income. Shareholders should not assume
that the source of a distribution from the Fund is net profit. A
portion of the distributions consist of a return of capital based
on the character of the distributions received from the underlying
holdings, primarily REITs. The final determination of the source
and tax characteristics of all distributions in 2016 will be made
after the end of the year. Shareholders should note that a return
of capital will reduce the tax basis of their shares and
potentially increase the taxable gain, if any, upon disposition of
their shares. There is no assurance that the Fund will continue to
declare distributions or that distributions will continue at these
rates.
An investor should consider the investment objectives, risks,
charges and expenses of the Fund carefully before investing. To
obtain a prospectus containing this and other information, please
call (866) 773-4120 or download the file from
www.RREDIF.com. Read the prospectus carefully before you
invest.
Investing involves risk. Investment return and principal value
of an investment will fluctuate, and a shareholder’s shares, when
redeemed, may be worth more or less than their original cost.
Certain of the Fund’s underlying investments, including alternative
investment funds, ETFs, interval funds and closed-end funds, are
subject to management and other expenses, which will be indirectly
paid by the Fund. Preferred securities are subject to credit risk
and interest rate risk. Convertible securities are typically issued
as bonds or preferred shares with the option to convert to
equities. As a result, convertible securities are hybrids that have
characteristics of both bonds and common stocks and are subject to
risks associated with both debt securities and equity securities.
Issuers of debt securities may not make scheduled interest and
principal payments, resulting in losses to the Fund. Typically, an
increase in interest rates causes a decline in the value of fixed
income securities. The use of leverage, such as borrowing money to
purchase securities, will cause the Fund to incur additional
expenses and may magnify the Fund's gains or losses.
There currently is no secondary market for the Fund's shares and
the Fund expects that no secondary market will develop. Limited
liquidity is provided to shareholders only through the Fund's
quarterly repurchase offers, regardless of how the Fund performs.
Investments in lesser-known, small and medium capitalization
companies may be more vulnerable than larger, more established
organizations. The Fund will not invest in real estate directly,
but because the Fund will concentrate its investments in securities
of REITs, its portfolio will be significantly impacted by the
performance of the real estate market. There are risks associated
with REITs. Risks include declines from deteriorating economic
conditions, changes in the value of the underlying properties, and
defaults by borrowers. The sales of securities to fund repurchases
could reduce the market price of those securities, which in turn
would reduce the Fund's NAV.
The Fund is distributed by ALPS Distributors, Inc. (ALPS
Distributors, Inc. 1290 Broadway, Suite 1100, Denver, CO 80203).
Resource Real Estate, Inc. and ALPS Distributors, Inc. are not
affiliated.
About Resource Real Estate, Inc.
Resource Real Estate, Inc. (“Resource”), the Fund’s investment
advisor, specializes in direct real estate investments, commercial
real estate lending and global securities. For over two decades,
Resource and its affiliates have managed real estate assets for
institutional and individual investors, and currently own and
manage real estate assets with an aggregate value of approximately
$4.2 billion as of June 30, 2016. Resource is a wholly-owned
subsidiary of C-III Capital Partners LLC, a leading real estate
investment management and commercial property services company.
RRE000429 – 1/31/2017
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version on businesswire.com: http://www.businesswire.com/news/home/20161014005682/en/
Media Contact:Gregory FCA for Resource Real EstateJimmy
Moock, 610-228-2125jimmy@gregoryfca.comorCompany
Contact:Resource Real EstateMarianne McGuire,
267-256-5964Director of Marketingmmcguire@resourcerei.com
Resource America, Inc. (MM) (NASDAQ:REXI)
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