Bluerock High Income Institutional Credit Fund has announced that for the fourth quarter 2024, the fund paid its 10th consecutive quarterly regular distribution at a rate of 3.1 percent or 12.2 percent annualized.
Shareholders invested for the entire quarter will receive a total distribution amount of approximately $0.72 per share, an amount based on the average daily NAV/share over the quarter. The fund’s 13 total distributions since its inception on June 21, 2022, total approximately $7.12 per share.
The fund has strategically diversified the portfolio in 2024, investing in more senior positions within the CLO capital structure. This effectively reduced potential risk while simultaneously delivering double-digit yield generation, thus improving the risk-adjusted return profile of the fund.
“The High Income Fund enjoyed an extremely strong 2024, posting a 13.7 percent total return and 12.2 percent distribution rate while growing the Fund’s I sh
