Tuesday, April 25 at 1:00 p.m. CT
Join portfolio manager David Aisner and product specialist Joe Hart as they discuss the Fund's recent performance, portfolio positioning and an outlook for the mortgage markets.
A live Q&A session will follow the presentation.
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Investing involves risk including possible loss of principal.
Investors should carefully consider the investment objectives, risks, charges and expenses of Vertical Capital Income Fund prior to investment. This and other important information about the Fund is contained in the prospectus. You should carefully read the Fund prospectus, including the Risk Factors section, before deciding to invest in the Fund’s shares. A current prospectus can be obtained by calling 866.655.3600 or downloaded at provasicapital.com.
Vertical Capital Income Fund is a closed-end fund operated as an interval fund, which means shares are offered for purchase daily, but redemptions are limited. The Fund will conduct quarterly repurchase offers of from 5% to 25% of the Fund’s outstanding shares at net asset value. If the amount of liquidity available is exceeded, the Fund will pay out redemptions on a pro-rata basis. Even though the Fund will make quarterly repurchase offers, investors should consider the Fund’s shares to have limited liquidity.
The Fund invests substantially all its assets in groups or packages of income-producing loans secured by real estate, which are difficult to value. Up to 10% of the loans in the group or package may be delinquent or in default. The Fund will not purchase loans that currently are in foreclosure; however, loans acquired by the Fund may go into foreclosure subsequent to acquisition by the Fund. The Fund will acquire loans of borrowers with varying credit histories and may invest up to approximately 10% of its assets in loans that were classified as “sub-prime” at the time of origination.
Securities may be subject to prepayment risk because issuers are typically able to prepay principal. The Fund will not invest in real estate directly, but, because the Fund will invest the majority of its assets in securities secured by real estate, its portfolio will be significantly impacted by the performance of the real estate market and may experience more volatility and be exposed to greater risk than a more diversified portfolio. Quarterly repurchases by the Fund of its shares typically will be funded from available cash or sales of portfolio securities. The sale of securities to fund repurchases could reduce the market price of those securities, which in turn would reduce the Fund’s net asset value.
There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund. In general, the price of a fixed income security falls when interest rates rise. A specific security can perform differently from the market as a whole for reasons related to the issuer, such as an individual’s economic situation.
Vertical Capital Income Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Wholesale distribution services are provided by Provasi Capital Partners LP. Provasi Capital Partners LP and Oakline Advisors, LLC are not affiliated with Northern Lights Distributors, LLC. Provasi Capital Partners LP and Oakline Advisors, LLC are affiliated entities. This material has been prepared by Provasi Capital Partners LP on behalf of the issuer.
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