Form 4: Bluerock Total Income Plus Real Estate Fund Trustee Romano Tio Acquires Additional Shares

Trustee Romano Tio acquired 173.49 shares of Bluerock Total Income Plus Real Estate Fund (TIPWX) at $28.82 per share on March 31, 2024, bringing the total holdings to 2,290.136 shares.

Summary

• On March 31, 2024, Romano Tio, a trustee of Bluerock Total Income Plus Real Estate Fund, acquired 173.49 shares of Class I shares.
• The shares were purchased at a price of $28.82 per share.
• This transaction increased Tio's direct ownership to 2,290.136 shares.
• The acquisition is 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.

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 management 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 insider transactions, which are common in publicly traded companies and funds. It provides transparency regarding the holdings and transactions 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.
• Comparable companies such as Blackstone Real Estate Income Trust and Starwood Real Estate Income Trust also have similar compensation structures for their board members and key executives.

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 as it aligns the trustee's interests with the fund's performance.

Key Dates

Keywords

Bluerock Total Income Plus Real Estate Fund, TIPWX, Romano Tio, Trustee, Share Acquisition, Class I Shares, Compensation Plan, Beneficial Ownership