Corsaires Total Return, LLC 06/30/2017
Corsaires Total Return, LLC (CTR) broke impound and admitted its first investors on 08/24/2006. CTR closed subscription on 02/26/2007 with a total of 52 members and net offering capitalization of $1,622,594.
Since inception, CTR has disbursed cash to unitholders totaling $942,542 or $6.00 per $10 unit.
As of 06/31/2017, CTR had net equity of $10,399,494 or $67.26/unit as contrasted against the original $10/unit offering price.
All 2MC Corsaires Funds are closed-end offerings, finite life, and completely illiquid during their stated term. Our operating funds are closed to new investors and we have no funds in capitalization. This is not an offering nor the solicitation of an offer to purchase an interest in any fund.
Important Notes and Disclaimer
Past performance does not guarantee future results. Investing in publicly held securities is speculative and involves risk, including the possible loss of principal. Historical returns should not be used as the primary basis for investment decisions. Although the statements of fact and data in this report have been obtained from sources believed to be reliable, 2nd Market Capital Advisory Corporation (2MCAC) does not guarantee their accuracy and assumes no liability or responsibility for any omissions/errors.
Calculation Methodology Annual returns are reported net of fees, as audited. Dividends are paid, but not reinvested. 2017 results are not yet audited.
Expenses Returns reflect the deduction of all administrative costs, 2MCAC management fees, and any transaction expenses.
Use of Leverage or Margin The Corsaires Funds, by prospectus, have individually varying capacities to borrow capital to leverage investment (typically described as margin) thereby increasing both the possibility of gain and risk of loss. Margin limits are capped at 1:1 or 100% borrowings against net equity. As of 6/30/2017, Corsaires Funds’ margin levels ranged from 25% to 100% borrowings against net equity. As of 6/30/2017, Corsaires Funds’ cost of margin capital was 1.75%.
Benchmark Information Corsaires funds are compared to the MSCI US REIT Index (RMS) because the issues we research, target, and invest in are members of the RMS, aspire to be or compete in the broad REIT sector. Operationally, it’s a collection of 200+, independent real estate companies reporting under tax and accounting protocols strictly defined by the National Association of Real Estate Investment Trusts (NAREIT).
View disclosure information for 2nd Market Capital Advisory Corporation and our investment professionals by visiting the SEC Investment Advisor Public Disclosure website.
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