Fund Terms
Level 3 is registered as a Portfolio Manager, Investment Fund Manager and Exempt Market Dealer in Ontario, Quebec, Manitoba, Saskatchewan, Alberta and British Columbia.
|
Subscriptions |
Monthly; $25,000 minimum (for accredited investors) |
|
Redemptions |
Monthly with 60 days’ notice |
|
Management Fee Class A |
1.5% per annum |
|
Management Fee Class B |
1% + performance fee |
|
Performance Fee |
15% of growth in NAVPU above High-Water Mark |
|
High Water Mark |
Yes, accretes 4% per annum |
|
Custodian |
National Bank Independent Network |
|
Legal Counsel |
WeirFoulds LLP |
|
Fund Auditor |
PricewaterhouseCoopers LLP |
|
Fund Admin |
SS&C Commonwealth |
For more information, contact Level 3 for the Fund’s Offering memorandum for more detailed information.