AOG Wealth Management is pleased to advise investors in KBS Strategic Opportunity Fund that the fund has re-valued its shares from the offering price of $10/share to a revised estimated value per share of $11.27. The valuation is based on the recommendation and valuation performed by the REIT Sub-Advisor, KBS Capital Advisors. Real estate appraisals provided by third party real estate valuation firms Duff & Phelps and Landauer Services, LLC, were utilized in the valuation.
This higher stock price is in addition to the $1.14 per share principal distributions that have previously have been distributed to investors. The Board of Directors also announced an additional distribution of 5 cents/share which will be sent to shareholders on April 15, 2014.
The primary objective of the KBS Strategic Opportunity Fund is to take advantage of arbitrage opportunities between real estate debt and equity markets that occurred following the 2008 recession and the collapse of the stock market and many financial institutions. The previous and upcoming distributions and share price appreciation are indications that KBS is effectively executing on this plan.