Fidelity Core Real Estate Fund Issues Common Shares to Accredited Investors

What Happened Fidelity Core Real Estate Fund filed an 8-K on August 6, 2026, reporting that it issued a total of 2,151,164 common shares of beneficial interest to accredited investors under its distribution reinvestment plan. The issuances occurred on June 1, July 1 and August 3, 2026 (with an additional July 1 issuance noted), and the aggregate purchase price for those shares was $24.9 million. The company says these sales were exempt from registration under Section 4(a)(2) of the Securities Act and Regulation D.

Key Details

• Total shares issued: 2,151,164 common shares of beneficial interest.
• Aggregate proceeds: $24.9 million (breakouts below):
  • June 1, 2026: 646,308 shares for $7.5M
  • July 1, 2026: 288,534 shares for $3.3M and 566,198 shares for $6.6M (total July 1 = 854,732 shares, $9.9M)
  • August 3, 2026: 650,124 shares for $7.5M
• Purchasers: Accredited investors under the fund’s distribution reinvestment plan.
• Regulatory basis: Sales claimed exempt from registration under Section 4(a)(2) and Regulation D.
• Filing signed by Heather Bonner, Treasurer (principal financial and accounting officer), dated August 6, 2026.

Why It Matters This 8-K informs investors that the fund raised cash by issuing additional common shares to accredited investors through its reinvestment plan, increasing outstanding shares and bringing in $24.9M of proceeds. The exemption from registration is routine for private placements to accredited investors but means these were not public offerings. Investors should note the timing and scale of these issuances when considering share dilution and the fund’s capital-raising activity.