10:09 AM EDT, 07/01/2024 (MT Newswires) -- Blackstone (BX) Real Estate Income Trust in June permitted withdrawals to go above 5% of its net asset value in the past quarter, Bloomberg reported, citing a letter to shareholders Monday.

Normally, that would allow the fund to curb how much investors could withdraw, but the board of the trust did not prevent them from cashing out in full, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 124.54, Change: +0.74, Percent Change: +0.60