Bridging Finance Inc. (the “Manager’) is pleased to confirm that on December 18, 2020 and December 21, 2020, at a special meeting of unitholders, unitholders of the Bridging Income Fund LP, Bridging Income RSP Fund, Bridging Mid-Market Debt Fund LP, Bridging Mid-Market Debt RSP Fund and Bridging Indigenous Impact Fund voted overwhelmingly in favour of the following changes:
Fund | Matter Voted Upon | Result | Effective Date |
Bridging Income Fund LP | Increase to Notice Period of Redemptions from 30 to 90 days | Approved | January 1, 2021 |
Amendments to Incentive Allocation calculation | Approved | January 1, 2021 | |
Bridging Income RSP Fund | Increase to Notice Period of Redemptions from 30 to 90 days | Approved | January 1, 2021 |
Amendments to Performance Fee calculation | Approved | January 1, 2021 | |
Amendments to terms of Redemption Requests | Approved | January 1, 2021 | |
Bridging Mid-Market Debt Fund LP | Increase to Notice Period of Redemptions from 30 to 90 days | Approved | January 1, 2021 |
Amendments to terms of Redemption Requests | Approved | January 1, 2021 | |
Bridging Mid-Market Debt RSP Fund | Increase to Notice Period of Redemptions from 30 to 90 days | Approved | January 1, 2021 |
Amendments to terms of Redemption Requests | Approved | January 1, 2021 | |
Bridging Indigenous Impact Fund | Increase to Notice Period of Redemptions from 30 to 90 days | Approved | January 1, 2021 |
Amendments to terms of Redemption Requests | Approved | January 1, 2021 |
The purpose of the changes are to increase the protection of unitholders from the ongoing effects of COVID-19 and its potential related impacts and to ensure greater consistency across the funds managed by the Manager.
Please feel free to contact us for any further questions.
Ian Baele, Senior Vice President, Sales – C: (416) 937-7641, ibaele@bridgingfinance.ca
Scott Miller, Director, Sales – C: (647) 984-7524, smiller@bridgingfinance.ca
David Sharpe, Chief Executive Officer – C: (647) 981-5658, dsharpe@bridgingfinance.ca;