VANCOUVER, BC, November 23, 2011 (Press-News.org) The Rose Country Income Fund ("RC Fund") is pleased to announce the completion of the initial closing pursuant to its Offering Memorandum dated July 30, 2011. On November 1, 2011 the RC Fund completed a closing of the subscription of 16,000 Class "A" Units and 84,000 Class "C" Units.
"The initial completion of fundraising for the RC Fund is important because it demonstrates the confidence that the investment community has in RC Fund's mandate," said Larry Whitehead, President of the Managing Partner, Rose Country Management Inc. "The investment provides the capital required to commence acquisition of real estate assets that meet RC Fund's specific criteria. In-depth due diligence by the management and advisory teams is already underway with a number of prospective revenue producing and development properties."
"We would like to thank the many partner companies who contributed to the successful launch of the RC Fund," said Larry Whitehead. "We could not have accomplished this without their involvement and the significant commitment of the RC Fund management group."
Background
Rose Country Income Fund ("RC Fund") is an open end mutual fund trust offering investors the potential for diversification and attractive investment returns. Formed to acquire, develop and hold real estate properties with a specific focus on robust economic regions of Western Canada, the professionally managed fund will diversify its assets geographically and by property type. Units in the RC Fund are an eligible investment for all deferred income plans including RRSP, TFSA, RRIF and DPSP accounts.
Key investor benefits are:
- Quarterly distributions
- Preferred investor return
- Professional management team
- Registered portfolio manager
- Investing for future growth
- Wealth creation
For more information regarding the Rose Country Income Fund please contact:
Larry D. Whitehead, President
Rose Country Management Inc.
P: 604.538.0925 / F: 604.542.2225 / Email: larryw@rcfund.ca
www.rcfund.ca
Rose Country Income Fund Completes Closing
An initial closing of the Rose Country Income Fund, a Canadian open end mutual fund trust, paves the way for building attractive investment returns for its investors.
2011-11-23
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[Press-News.org] Rose Country Income Fund Completes ClosingAn initial closing of the Rose Country Income Fund, a Canadian open end mutual fund trust, paves the way for building attractive investment returns for its investors.