NEW YORK, April 4, 2016 /PRNewswire/ -- Realty Capital Income Funds Trust ("RCIFT" or the "Trust"), an SEC-registered mutual fund company and affiliate of AR Global Investments, LLC ("AR Global") advised by National Fund Advisors, LLC ("NFA"), has engaged RFS Partners ("RFS") to serve as the principal underwriter for each of its separately managed funds pursuant to a new principal underwriting agreement between RCIFT and RFS. The agreement covers all three of the Trust's funds - the AR Capital Real Estate Income Fund, AR Capital Global Real Estate Income Fund and AR Capital BDC Income Fund, all of which are advised by NFA, an SEC- registered investment advisor based in New York City and an affiliate of AR Global, LLC.
NFA will remain the investment advisor to the Funds, led by Chief Investment Officer Chris Pike. BDCA Adviser, LLC will maintain its sub-advisor relationship with NFA, led by Shiloh Bates, Jim Soltesz and Brian Armstrong.
Michael Weil, Chairman of the Board of Trustees of RCIFT, noted the importance of engaging RFS as principal underwriter for the Trust. "This step is the first in a series of actions intended to restore normal operations for RCIFT and its suite of well managed mutual funds. RFS has long standing experience with distributing mutual funds, and will allow our funds to resume selling shares to the public." He added that the Board continues to pursue strategic initiatives to help grow and sustain the fund family.
Steve Rogers, Chief Executive Officer of RFS commented, "We are excited to begin this distribution relationship with RCIFT and its three mutual fund series." RFS is a California limited partnership located at 1050 17th Street, Suite 1710, Denver, CO 80265 and is an affiliate of Shelton Capital Management, an SEC-registered investment adviser based in Denver, CO.
About Realty Capital Income Funds Trust
Realty Capital Income Funds Trust ("RCIFT") is a statutory trust organized under the laws of the State of Delaware in 2012. RCIFT provides for a series of continuously offered, non-diversified, open-end management investment companies including AR Capital BDC Income Fund, AR Capital Global Real Estate Income Fund, and AR Capital Real Estate Income Fund.
About AR Global
Founded in 2006, AR Global Investments, LLC ("AR Global") is a full-service investment management firm providing advisory services to retail and institutional investors. AR Global is an active sponsor and manager of public and private real estate investments, business development companies and other investment products. Collectively, AR Global's senior team of investment professionals has acquired and managed over $10 billion of real estate, as well as $5 billion of corporate sale-leasebacks and net leased properties. For more information, visit www.ar-global.com.
About National Fund Advisors
National Fund Advisors, LLC ("NFA") is an SEC-registered investment adviser founded in 2011 that seeks to identify durable and attractive income themes through differentiated investment strategies. NFA is wholly-owned subsidiary of AR Global.
About RFS Partners
RFS Partners, LP ("RFS") is a registered broker-dealer and a member of FINRA. RFS has served as principal underwriter and distributor for the Shelton Funds since 1985.
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as "will," "should," "may," "anticipate," "believe," "expect" and "intend" indicate a forward-looking statement, although not all forward-looking statements include these words.
An investor should consider the investment objectives, risks, and charges and expenses of each Fund carefully before investing. RCIFT's prospectus contains this and other information. A prospectus may be obtained by calling 1-866-271-9244 or visiting www.arcincomefunds.com. Please read the prospectus carefully before investing.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/realty-capital-income-funds-trust-engages-rfs-partners-as-principal-underwriter-to-distribute-mutual-funds-300245743.html
SOURCE Realty Capital Income Funds Trust