Form 4: Bluerock Total Income (plus) Real Estate Fund Trustee Acquires Shares as Part of Compensation Plan
SEC Form 4 Filing
Trustee Kamal Jafarnia acquired 180.3752 shares of Bluerock Total Income (plus) Real Estate Fund as part of the trustee compensation plan.
Summary
- On September 30, 2024, Kamal Jafarnia, a trustee of Bluerock Total Income (plus) Real Estate Fund, acquired 180.3752 shares of Class I Beneficial Interest at a price of $27.72 per share.
- This acquisition was part of the trustee's compensation plan, where each independent trustee receives $5,000 worth of Class I shares per quarter, totaling $20,000 annually.
- Following the transaction, Jafarnia directly owns 2,072.03 shares.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The transaction is part of a standard compensation plan, indicating stability and alignment of interests. There are no red flags or negative implications.
Positives
- The trustee's acquisition of shares demonstrates alignment with the fund's performance.
- The compensation plan provides a consistent stream of equity to the trustees.
Future Outlook
NA
Industry Context
This type of transaction is common for REITs and investment funds, where trustees or board members receive equity as part of their compensation to align their interests with those of the shareholders.
Comparison to Industry Standards
- Many REITs and investment funds use equity-based compensation for their board members and trustees.
- The specific amount and frequency of the grants can vary based on the size and performance of the fund.
- Comparable companies often disclose similar compensation plans in their proxy statements and SEC filings.
Related Party Transactions
- The acquisition of shares by the trustee as part of the compensation plan is a related party transaction.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning the trustee's interests with the fund's performance.
Key Dates
| Date | Description |
|---|---|
| 05/25/2021 | Date of Limited Power of Attorney for Section 16(a) Filings |
| 09/30/2024 | Date of transaction: Acquisition of shares |
| 10/02/2024 | Date of signature for the Form 4 filing |
Keywords
Bluerock Total Income (plus) Real Estate Fund, Trustee, Share Acquisition, Compensation Plan, Beneficial Ownership, TIPWX, Form 4
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