SAN MATEO, Calif., Nov. 22, 2010 /PRNewswire-FirstCall/ -- Grubb & Ellis Alesco Global Advisors announced that each of the three Grubb & Ellis AGA Funds paid dividends on Nov. 15, 2010 to shareholders of record as of Nov. 12.
Fund | Total dividend | Ordinary income | Short-term | Long-term | |
Grubb & Ellis AGA Realty Income Fund (GBEIX) | $1.25 per share | $0.08 | $0.88 | $0.29 | |
Grubb & Ellis AGA US Realty Fund (GBEUX) | $2.27 per share | $0.04 | $2.19 | $0.04 | |
Grubb & Ellis AGA International Realty Fund (GBEWX) | $1.72 per share | $0.55 | $1.04 | $0.12 | |
The Grubb & Ellis AGA Funds invest in diversified portfolios of real estate related securities. They are managed by an experienced portfolio team with public and private market real estate experience, as well as long-standing industry relationships. The funds are distributed by Quasar Distributors, LLC.
"Real estate investment trusts, commonly referred to as REITs, are doing well as an asset class," said Jay Leupp, senior portfolio manager for the funds. "We are seeing better occupancy rates and rents for almost all property types and a leveling off in industrial occupancy. Hotel occupancies are up as well as business travel is rebounding -- all what we believe are good signs for our investors."
Grubb & Ellis Alesco Global Advisors is a subsidiary of Grubb & Ellis Company GBE, one of the largest commercial real estate services and investment management firms. This relationship affords them access to a nationwide network of real estate brokers and researchers, providing market insights and understanding on virtually every real estate market and product type in the country.
For more information regarding Grubb & Ellis AGA Funds, please visit the fund's website at www.gbemutualfunds.com.
About Grubb & Ellis Company
Grubb & Ellis Company GBE is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 100 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm's transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
Important notes
Past performance does not guarantee future results.
Mutual fund investing involves risk, including the potential loss of principal.
Investors should be aware of the risks involved with investing in a fund concentrating in REITs and real estate securities, such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments. Investments in asset backed and mortgage backed securities include additional risks that investors should be aware of, such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. Investing in small and medium-sized companies involves greater risks than those associated with investing in large company stocks, such as business risk, significant stock price fluctuations and illiquidity. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Diversification does not assure a profit or protect against a loss in a declining market.
The Grubb & Ellis AGA International Realty Fund may invest in foreign securities which involves greater volatility and political, economic and currency risks and differences in accounting methods.
To determine if this fund is an appropriate investment for you, carefully consider the fund's investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the fund's prospectus and/or summary prospectus, which may be obtained by visiting www.gbemutualfunds.com or calling 877.404.7822. Read the prospectus and/or summary prospectus carefully before investing.
SOURCE Grubb & Ellis Alesco Global Advisors
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