Bison Income Trust II Introduction
Bison Income Trust II Series C2 ("C2"), an open-ended mutual fund unit trust, was established in June 2009. C2 was created for the purpose of preserving invested capital and providing investors with a consistent high rate of interest income by investing in a diversified portfolio of conventional and non-conventional commercial mortgages. Mortgages are oriented towards primary asset class properties located in major Canadian urban markets.
C2 is sold through an offering memorandum and is available to:
- Residents of British Columbia, Nova Scotia, New Brunswick or Newfoundland, who are provided with an offering memorandum and must complete a risk acknowledgment form
- Canadians qualified as accredited investors in accordance with National Instrument 45-106, or
- Residents of Ontario investing a minimum of $150,000
Facts of the Fund
| Managed By | Trez Capital Management Partnership |
| Asset Class | Mortgage Fund |
| Inception Date | June 2009 |
| Net Asset Value | $10 per Unit |
| Purchase | $10 per Unit. Closings may occur from time to time as subscriptions are received. |
| Minimum Investment | 200 Units ($2,000) |
| RRSP/RESP/RRIF/TFSA Eligible | Yes |
| Retraction Rights | Retractable on demand (with 30 days notice) subject to a retraction penalty of 1% during the first 12 months invested.
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| Tax Consequences | Distributions are taxed as income from Canadian sources |
| Management Fee | The Manager receives an asset management fee of 1.5% of the average annual gross assets plus an incentive fee of 10% of the net income payable quarterly in arrears. |