The significant milestone comes after the Fund recently paid its 42nd consecutive quarterly distribution. As a closed-end interval fund, TI+ Fund pays a quarterly distribution corresponding to the Fund's net asset value (NAV) at the annualized rate of 5.25%* based on the current share price. Since the Fund's introduction in 2012 at a $25 NAV per share, TIPRX has paid approximately $16.27 per share in total distributions to its shareholders, with a 65% average annual tax deferral on those distributions. In addition to these quarterly distributions, TIPRX NAV has grown over 30% from $25.00 to $32.67 per share (as of 6.30.2023), generating a 7.82% annualized return since inception and has delivered a positive total return every calendar year since inception including an approximate 10% return in 2022 when many equity and fixed income indexes incurred sizeable drawdowns. 'Delivering over $1 billion in total distributions to its shareholders over 10 years and 42 consecutive quarterly...
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