Form 4: Bluerock Total Income Plus Real Estate Fund Trustee Acquires Additional Shares
SEC Form 4
Trustee Kamal Jafarnia acquired 173.49 shares of Bluerock Total Income Plus Real Estate Fund (TIPWX) at $28.82 per share on March 31, 2024, as part of the trustee compensation plan.
Summary
- On March 31, 2024, Kamal Jafarnia, a trustee of Bluerock Total Income (plus) Real Estate Fund, acquired 173.49 shares of Class I stock.
- The shares were purchased at a price of $28.82 per share.
- This transaction increased Jafarnia's direct ownership to 1,665.216 shares.
- The acquisition is part of the trustee's compensation plan, which grants each independent trustee $5,000 worth of Class I shares per quarter, totaling $20,000 annually.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to trustee compensation, indicating a stable and well-governed fund. The sentiment is neutral to positive as it shows alignment of interests between trustees and shareholders.
Positives
- The trustee's acquisition of shares demonstrates confidence in the fund's performance.
- The compensation plan aligns the interests of the trustees with those of the shareholders.
Future Outlook
The document does not contain specific forward-looking statements regarding the fund's future performance.
Industry Context
This filing is a routine disclosure of a transaction by a company insider, which is common for publicly traded companies and funds. It provides transparency into the actions of key personnel.
Comparison to Industry Standards
- Trustee compensation plans involving equity grants are common in the real estate fund industry to align management interests with shareholder value.
- Similar compensation structures can be observed in companies like Blackstone (BX) and Brookfield Asset Management (BAM), where key executives receive equity-based compensation.
Related Party Transactions
- The acquisition of shares by the trustee as part of the compensation plan constitutes a related party transaction.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning the interests of the trustee with the fund's performance.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of the share acquisition by Kamal Jafarnia. |
| 04/01/2024 | Date of signature for the SEC filing. |
| May 25, 2021 | Date of Limited Power of Attorney for Section 16(a) Filings. |
Keywords
Bluerock Total Income Plus Real Estate Fund, Trustee, Share Acquisition, TIPWX, Kamal Jafarnia, Compensation Plan
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