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Real Estate

INCREF

Invesco Commercial Real Estate Finance Trust, Inc.

About INCREF

Invesco Commercial Real Estate Finance Trust, Inc. (“INCREF”) is a perpetual life real estate investment trust that originates, acquires, and manages a diversified portfolio of loans and debt-like preferred equity interests secured by, or unsecured but related to, commercial real estate.

Transaction price¹

as of June 1, 2024

Share Class NAV (per share)²
Class S $25.17
Class S-1 $25.20
Class D $25.17
Class I $25.17
Class E $25.28
Class F $25.47

*Represents the transaction price per share of the applicable class of INCREF’s common stock for subscriptions accepted as of June 1, 2024 (and repurchases as of May 31, 2024). Transaction price per share is equal to NAV per share as of April 30, 2024. The transaction price presented is rounded to two decimal places.

Tax information

Form 1099-DIV

Taxable distributions are reported to you on IRS Form 1099-DIV. The tax character of these distributions as a percent of each total distribution is listed in the table below:

Stock 1099-DIV 1A 
Ordinary Dividends
1B
Qualified Dividends
2A 
Capital Gains
2B
Unrecaptured Section 1250 Gain
3
Non-dividend Distribution
5
Section 199a Dividends

Series A Preferred

2023

100.00%

0.00%

0.00%

0.00%

0.00%

100.00%

Class S

2023

76.2633%

0.00%

0.00%

0.00%

23.7367%

76.2633%

Class S-1

2023

76.2633%

0.00%

0.00%

0.00%

23.7367%

76.2633%

Class D

2023

76.2633%

0.00%

0.00%

0.00%

23.7367%

76.2633%

Class I

2023

76.2633%

0.00%

0.00%

0.00%

23.7367%

76.2633%

Class E

2023

76.2633%

0.00%

0.00%

0.00%

23.7367%

76.2633%

Filings

Review our documents, reports, and other filings.

 

Important information

  • 1

    NAV is calculated in accordance with valuation guidelines that have been approved by our board of directors. NAV is not a measure used under generally accepted accounting principles in the United States (“GAAP”), and the valuations of and certain adjustments made to our assets and liabilities used in the determination of NAV will differ from GAAP. You should not consider NAV to be equivalent to stockholders’ equity of any other GAAP measure.

    The June 1, 2024 transaction price (and the May 31, 2024 repurchase price) for each of our share classes is equal to such class’s net asset value (“NAV”) per share as of April 30, 2024. A detailed calculation of the NAV per share is set forth below. The purchase price of our common stock for each share class equals the transaction price of such class, plus applicable upfront selling commissions. Repurchases will be made at a price per Share equal to the repurchase price in effect on the repurchase date, except that Shares that have not been outstanding for at least one year will generally be repurchased at 95% of the repurchase price. The one-year holding period is measured as of the subscription closing date immediately following the prospective repurchase date.

  • 2

    April 30, 2024 NAV per Share