2014-04-16 18:29:48 -
Toronto, Ontario (FSCwire) - Bridging Credit Fund LP (the “Fund is pleased to announce it has declared a quarterly distribution of $2.45 per class A unit of the Fund Class A Units and class F unit of the Fund Class F Units. The distribution was paid on April 15, 2014 to holders of Class A Units and Class F Units of record on March 31, 2014.
The Fund has an 8.61% return (annualized) since inception (November 21, 2013) and is diversified across approximately 500 debtors/holdings.
About Bridging Credit Fund LP
The investment objective of the Fund is to acquire and maintain a diversified portfolio of Factoring Investments and Asset Based Investments. The Fund offers clients yield outside of traditional fixed
income investments (i.e. not invested in real estate or bonds) and is non-market linked.
Key Fund Features
o Target Minimum Yield Risk Protection: If the Target Minimum Yield of 6.5% per annum is not met, the Manager will waive its portion of the management fee to meet the Target Minimum Yield.
o Floating Target Minimum Yield: The Target Minimum Yield is a floating target that is adjusted once a year to reflect changes in the Prime Rate. Yield is paid out quarterly to investors.
o Non Correlated: To traditional asset classes and public markets.
For further information please contact:
Vice President, Sales
Bridging Finance Inc.
77 King Street West - Suite 2925
Toronto, ON. M5K 1K7
Commissions, trailing commissions, management fees, performance fees, and expenses all may be associated with Bridging Credit Fund LP. Please read the Offering Memorandum before investing. Bridging Credit Fund LP is not suitable for all investors and is not guaranteed, its values change frequently and is subject to risk and uncertainties. Information pertaining to Bridging Credit Fund LP is not construed as a public offering of securities in any jurisdiction of Canada. The offering of units of Bridging Credit Fund LP will be made pursuant to its Offering Memorandum only to those investors in jurisdictions of Canada who meet Accredited Investor eligibility or minimum purchase requirements. Bridging Finance Inc. is registered in all the provinces and territories of Canada as a Restricted Portfolio Manager and Exempt Market Dealer and is the Manager of Bridging Credit Fund LP. The Target Yield and quarterly distributions are not guaranteed.
To view this press release as a PDF file, click onto the following link:
Source: Bridging Credit Fund LP www.bridgingfinance.ca/
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