TORONTO, April 16, 2014 – 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
- 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.
- 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.
- Non Correlated: To traditional asset classes and public markets.
For further information please contact:
Ian Baele,
Vice President, Sales
Bridging Finance Inc.
77 King Street West – Suite 2925
Toronto, ON. M5K 1K7
1-888-920-9598
ibaele@bridgingfinance.ca