Broadstone Real Estate Access Fund Announces Final Liquidation Distribution

NEW YORK, N.Y. – Broadstone Real Estate Access Fund (“BDREX” or the “Fund”), a closed-end interval fund, registered under the Investment Company Act of 1940, paid a final liquidating distribution of $1.2664 per share for Class I and $1.2489 per share for the Class W. This represents a distribution of $5.2M or 100% of the Fund’s net asset value as of May 18, 2022. The distribution was  payable on May 20, 2022  to shareholders of record as of May 18, 2022[1]. This distribution is the final distribution from the Fund. BDREX is managed by Benefit Street Partners, L.L.C. (“BSP”). BSP would like to thank the BDREX investors for their investment in the Fund.

As previously announced on March 4, 2021, the Fund’s Board of Trustees approved a plan to liquidate and dissolve the Fund, and to return capital to the Fund’s investors.

ALPS Fund Services, Inc. and ALPS Distributors, Inc. serve as the Fund’s Administrator and Distributor, respectively. DST Systems, Inc. the parent company of the Distributor, serves as the Transfer Agent to the Fund. UMB Bank, N.A. serves as the Fund’s Custodian.


1A portion of the distribution that the Fund made is a return of the money that shareholders originally invested and represents a return of capital to shareholders for tax purposes, which will have the effect of increasing his or her gain (or reducing his or her loss). A shareholder must have an investment in the Fund on the distribution record date of May 18, 2022 in order to receive the distribution.