Forum Real Estate Income Fund has announced a quarterly repurchase offer, allowing shareholders to sell up to 5% of their shares at net asset value (NAV). This initiative is significant as it aims to provide liquidity to investors in a closed-end fund structure, where shares are not typically redeemable outside of such offers.

The repurchase offer period commences on November 3, 2026, and will end at the close of the New York Stock Exchange on December 3, 2026. Shareholders who wish to tender their shares can do so through their financial intermediaries or directly with the Fund.

Background

Forum Real Estate Income Fund, identified by CIK 0001857314, is a closed-end interval fund based in Denver, Colorado. The Fund is designed to provide investors with exposure to real estate income opportunities. Its shares are not traded on a stock exchange, making periodic repurchase offers essential for providing liquidity to shareholders.

According to recent filings, the Fund has been active in notifying shareholders about its repurchase offers, which occur quarterly. This structure is crucial for maintaining investor confidence and ensuring that shareholders have the option to liquidate their investments periodically.

What the Filing Says

The filing states, "The notification pertains to a periodic repurchase offer under paragraph (b) of Rule 23c-3." This indicates that the Fund is adhering to regulatory requirements while providing an opportunity for shareholders to sell their shares.

Additionally, the Fund's notification emphasizes that any sale of shares will be a taxable event, advising shareholders to consult their financial or tax advisors for further information.

Impact

This repurchase offer may significantly affect current shareholders looking for liquidity options. Given the nature of closed-end funds, this offer allows investors to access cash without having to wait for a secondary market transaction, which may not be available due to the lack of trading.

Moreover, this initiative could enhance the Fund's attractiveness to potential investors who value liquidity alongside investment returns.

What's Next

The repurchase offer period will run until December 3, 2026, unless suspended or postponed. Shareholders are encouraged to act within this timeframe if they wish to participate in the repurchase offer.

Details were not available in the SEC filing regarding any further actions or future plans beyond this repurchase offer.