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The Fund is a continuously offered, diversified, unlisted closed-end management investment company that is structured as an “interval fund.”
In order to provide limited liquidity to shareholders, the Fund has adopted a fundamental investment policy to make quarterly offers to repurchase at least 5%1 of its outstanding common shares at net asset value (NAV). The Fund anticipates a quarterly repurchase target of 10%.1
Shares repurchased by the Fund are subject to an early withdrawal charge of 2.00% for withdrawals made within one year of an investor’s investment date. There is no guarantee that shareholders will be able to sell all of the shares they desire in a repurchase offer.
For more information, the Fund’s 2023 Repurchase Calendar provides further details.
1 This amount may be adjusted by the Board at any time to an amount no less than 5% nor more than 25% of the Fund’s outstanding shares. Shares are not otherwise redeemable. Shares will not be listed on any national securities exchange.