Office = Melting Ice Cube

Q2 Income Fund Letter

Jul 20, 2022

Every quarter I write a letter to the partners invested with Evergreen’s Income Fund.

It updates them on the Fund’s performance and provides color on the real estate market & state of REITs. This quarter’s letter highlighted the pain ahead for commodity office properties if the WFH trend doesn’t reverse soon.

Here is a link to our Q2 letter if you’d like to review (click on the “read more” button).

Evergreen Real Income Fund Updates

Income Fund Update - Q2 2022

Hello Partners, Hope this update finds you well. The average annualized distribution yield YTD is 9.1%. Below are the full returns (through 6.30.22) for the Income Fund. As you probably know, the S&P 500 is in a bear market. It ended the first half the year down 20.6%, which was the worst start to a year since 1962…

a year ago · Brad Johnson