Redemption windows, new launches, fees and terms. Private Wealth Daily, Interval Funds first, arrives every morning.
Shares bought at $25 in 2013-14 traded at $14.81 on Oct. 19, about 85% below the split-adjusted cost.
85%Discount to original investors' split-adjusted $100 cost · Company reports via The DI Wire
Distributing-fund investors would pay at least 25 basis points less for three years if the umbrella restructuring is approved.
The private REIT paid $22.75 a share with no overflow used, while Ares Strategic Income Fund filled 38.2% of third-quarter requests.
The NAV REIT's new rate annualizes to about 5.5% of Sept. 30 NAV, a $0.06-a-share annual cut.