Liquidation: AB GLOBAL REAL ESTATE INVESTMENT FUND INC
Form Type: 497K
Filing Date: 2025-02-28
Corporate Action: Liquidation
Type: Update
Accession Number: 000119312525041523
Filing Summary: AB Global Real Estate Investment Fund, Inc. has filed a Summary Prospectus that outlines key information about the Fund, including its investment objective, fees, risks, and performance. The Fund aims for total return from long-term growth of capital and income, primarily investing at least 80% of its net assets in equity securities of real estate investment trusts (REITs) and related companies. On July 30-31, 2024, the Fund's Board of Directors voted to approve the liquidation and termination of the Fund, with an anticipated completion of liquidating distributions around April 30, 2025. Sales of shares to new investors have been suspended, and a waiver of contingent deferred sales charges (CDSC) on redemptions has been enacted. Shareholders can redeem shares until April 28, 2025, and the Fund will gradually convert its assets to cash before liquidating distributions are processed. The document contains a detailed account of the Fund’s fees and expenses, performance data, and principal risks, including market, interest rate, credit, real estate, foreign, currency, and management risks.
Document Link: View Document
Additional details:
Investment Objective: total return from long-term growth of capital and income
Expense Ratio Class A: 1.99%
Expense Ratio Class C: 2.74%
Portfolio Turnover Rate: 56%
Minimum Initial Investment Class A: $2,500
Minimum Initial Investment Advisor Class: None
Liquidation Distribution Date: on or about April 30, 2025
Redemption End Date: April 28, 2025
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