Realty Income Shares, LP (RIS) broke impound and admitted its first investors on 06/13/2001. RIS closed subscription on 07/16/2002 with a total of 75 members and net offering capitalization of $2,429,856.
On 05/02/2012, RIS terminated operations and made liquidating distributions of $6,191,509. Over the life of the Fund, RIS paid $2,566,353 in quarterly distributions and $6,502,502 in liquidation proceeds, resulting in total cash disbursements of $9,068,855.
Realty Income Shares, LP Performance Relative to Benchmark From 6/13/01 (Inception) – 05/02/12 (Final Liquidation)
Important Notes and Disclosure:
Realty Income Shares, LP was formed in 2001 to invest in a diversified portfolio of publicly traded real estate equities and debt securities with the objective of providing current income and capital appreciation through the buying and selling of a diversified portfolio of publicly traded real estate equities and debt securities. The fund liquidated on 05/02/2012. 2nd Market Capital Advisory Corporation (2MCAC) acted as the Investment Advisor to the fund.
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. The performance described represents Realty Income Shares, LP only and does not represent the performance of all advisory clients. Information regarding all funds formed 2000-present are included in this presentation. Although the statements of fact and data in this report have been obtained from sources believed to be reliable, 2nd Market Capital Advisory Corporation does not guarantee their accuracy and assumes no liability or responsibility for any omissions/errors.
Calculation Methodology: Returns are calculated by 2MC with data from our qualified custodians using the Modified Dietz method, a time-weighted measure of performance in which cash flows are weighted based on their timing. Dividends were paid, but not reinvested.
Expenses: Returns reflect the deduction of all administrative costs, 2MC management fees, and any transaction expenses. These returns do not reflect management’s equity participation paid upon liquidation.
Use of Leverage or Margin: Realty Income Shares, LP, by prospectus, had the capacity to borrow capital to leverage investment (typically described as margin) thereby increasing both the possibility of gain and risk of loss. Margin limits were capped at 50% borrowing against net equity.
Benchmark Information: Realty Income Shares, LP is compared to the MSCI US REIT Total Return Index (RMS) because the issues we research, target, and invest in, are members (or aspire to be members) of the RMS or compete in the broad REIT sector. The MSCI US REIT Total Return Index (RMS) is a free float-adjusted market capitalization index that is comprised of equity REITs. The RMS represents about 99% of the US REIT universe and securities are classified in the Equity REITs Industry. However, it excludes Mortgage REITs and selected Specialized REITs. The RMS is calculated with dividends reinvested. Realty Income Shares, LP is compared to the S&P 500 Total Return Index, because it is commonly used to represent the U.S. equity market. The S&P 500 Total Return Index is an index based on the market capitalization of 500 large companies. The S&P 500 Total Return Index is calculated with dividends reinvested.
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Investment advisory services offered through 2nd Market Capital Advisory Corporation, a Wisconsin registered investment advisor.
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