Broadstone Real Estate Access Fund Announces Q4 2020 Shareholder Distribution
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NEW YORK – (BUSINESS WIRE) – Broadstone Real Estate Access Fund (“BDREX”), a continuously offered, closed-ended, interval fund registered under the Investment Company Act of 1940, announced a quarterly distribution of $ 0.1210 per share for Class I an and $ 0.1149 for Class W. This is an annualized payout rate of 5.089% for Class I Shares and 4.838% for Class W Shares. Distribution is payable on January 6, 2021 to shareholders of record on December 29, 2020. BDREX is managed by Benefit Street Partners, LLC (“BSP”).
BDREX is available in two share classes: Class W (BDRWX) and Class I (BDREX). The minimum initial investment is $ 2,500 for Class W Shares and $ 1 million for Class I Shares. Class I was created to serve clients of Registered Investment Advisers (RIAs) and Asset Managers and individual investors over $ 1 million want to invest in offering a share class with reduced fees. RIAs and asset managers investing in Class I must raise a total of $ 1 million in BDREX investments for their client base.
ALPS Fund Services, Inc. and ALPS Distributors, Inc. are the administrators and distributors of the Fund, respectively. DST Systems, Inc., the Distributor’s parent company, is acting as the transfer agent for the Fund. UMB Bank, NA acts as the fund’s custodian.
Via the Broadstone Real Estate Access Fund
BDREX is a continuously offered, closed-ended, interval fund registered under the Investment Company Act of 1940 that draws investor capital into a diversified pool of actively managed real estate holdings and mixes investments into direct, individual real estate transactions. private real estate funds; and public real estate papers. Investors can benefit from the Fund’s access and diversification, as well as its periodic liquidity and daily pricing characteristics. BDREX is open to retail and institutional investors with a minimum investment of $ 2,500 for Class W Shares and $ 1 million for Class I Shares. All potential investors are invited to download an investor kit: https://bdrex.com/lp/bdrex/
 The distribution rate is the amount expressed as a percentage that a fund investor would have received on an annual basis in the event of distributions divided by the public offering price of the fund on December 30, 2020. The annualized distribution is a single distribution by the fund and does not represent the total return of the fund . Portions of the distributions made by the Fund have included a return of the money originally invested by the Shareholders and a return of capital to the Shareholders for tax purposes, which will have an effect on increasing its profit (or reducing its loss) on a subsequent sale of shares. Payouts are not guaranteed.
AN INVESTOR SHOULD CAREFULLY CONSIDER THE FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES BEFORE INVESTING. For a prospectus containing this and other information, please contact your financial advisor or visit WWW.BDREX.COM. THE BROCHURE SHOULD BE READ CAREFULLY BEFORE INVESTMENT.
An interval fund like BDREX is a closed-ended investment company that is offered continuously and regularly offers to buy back its shares from shareholders. The number of shares that BDREX is offering for repurchase is determined every quarter by the Board of Trustees. Returns within 90 days of purchase may be chargeable. There is no guarantee that an investor will be able to sell all of the stocks that the investor may wish to sell in a buyback offer.
The Fund’s shares will not be listed on a stock exchange and no secondary market is expected to develop. An investment is not suitable for investors who need liquidity. Investing in BDREX involves risks, including loss of capital and other risks, which are set out in the “Risk Factors” section of the Prospectus.
Because BDREX’s direct real estate investments are relatively illiquid, the Fund may not be able to change its portfolio if economic and other conditions change, which could result in losses for the Fund. The bankruptcy, bankruptcy, or financial deterioration of any of the tenants of the Fund’s direct real estate investments could significantly delay the ability to collect unpaid rents or require the Fund to find new tenants. With respect to BDREX’s investments in private real estate mutual funds, the Fund may not have sole decision-making power over these funds and may not be able to take any action to protect its interests in these investments. The Fund may be exposed to additional risks if it fails to call capital from a private real estate mutual fund and the underlying fund pursues investment strategies that are in competition with or inconsistent with those of the Fund. BDREX’s investments in the securities of publicly traded REITs are subject to the risks that directly affect those REITs.
BDREX is distributed by ALPS Distributors, Inc. (ALPS). ALPS is not affiliated with BDREX, Benefit Street Partners LLC or UMB Bank, NA.
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Source: Broadstone Real Estate Access Fund