What tax implications does the investment have?
Like nearly all fixed income or credit investments, the Fund’s target investments are taxed at an investor’s ordinary income tax rate. Select investments may incur phantom income, without corresponding distributions, which will require a tax payment by the investor. The ideal investment vehicle for the investment is a tax deferred account such as a 401(k) or IRA. The Fund’s REIT subsidiary is expected to block all UBTI and ECI (Effectively Connected Income).