World News: 14:10 GMT Wednesday 11th July 2018. [Resource via Globe Newswire via SPi World News]
PHILADELPHIA, July 11, 2018 (GLOBE NEWSWIRE) -- Resource Real Estate Diversified Income Fund (the “Fund,” ticker ) today announced its quarterly distribution of $0.15* per share as of June 30, 2018. This represents a 5.8 percent distribution, placing it in excess of the Fund’s five percent target.** The Fund began trading on March 12, 2013, and closed the quarter as of June 30, 2018 with an inception-to-date cumulative total return of 41.3 percent.
The Fund is a closed-end interval fund that seeks current income, risk diversification, and long-term appreciation by investing in a portfolio of private equity, public equity, and credit real estate investments.
Per Annum Fund Performance as of 6/30/18.
* 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 5.75%.
An interval fund is a continuously-offered closed-end fund that periodically offers to repurchase its shares from shareholders. This feature allows the Fund greater opportunities to invest in less-liquid assets, which may result in higher risk-adjusted returns. Through the interval structure, the Fund offers a liquidity feature of quarterly redemptions at NAV of no less than 5 percent of the shares outstanding made available, redeeming more frequently than other real estate and private equity investments. Regardless of how the Fund performs, there is no guarantee that shareholders will be able to sell all of the shares they desire in a quarterly repurchase offer.
Resource, the marketing name for Resource Real Estate, LLC, the Fund’s investment advisor, and its affiliates, is an asset management company that specializes in real estate and credit investments. Resource’s main objective is to be a best-in-class asset manager as measured by risk-adjusted returns to investors and the quality of the funds and businesses it manages. The company’s investments emphasize consistent value and long-term returns with an income orientation. Resource is a wholly owned subsidiary of C-III Capital Partners LLC, a fully integrated asset management and commercial real estate services company, with $8.8 billion in real estate and debt assets under management as of December 31, 2017.
Globe Newswire: 14:10 GMT Wednesday 11th July 2018
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