Resource Real Estate Diversified Income Fund (Diversified Income) recently declared a quarterly distribution of $.15 or 5.7 percent annualized. This is the eighth consecutive quarterly distribution for the Fund.
Diversified Income is an interval fund, which is a continuously offered closed-end mutual fund that offers quarterly redemptions limited to 5 percent of the shares outstanding.
The Fund seeks to provide investors with income, diversification, and long-term growth potential by investing in private real estate equity, real estate credit, and global traded REIT equity.
As of March 31, 2015, the Fund holds investments in several non-traded REITs including NorthStar Healthcare Income, Inc., Cole Real Estate Income Strategy, Inland American Real Estate Trust, Inc., and Corporate Property Associates Global, Inc. Class C, among others.
Diversified Income is valued daily and as of yesterday, its “A” share’s NAV (RREDX) was $10.35. It began trading on March 12, 2013 and through March 31, 2015, has delivered an inception-to-date total net return of 17.81 percent.