Fund Description


Perhaps more aptly named the Innerkip Micro-capitalization Multiple-Strategies Equity Fund

Fund Objective

The Fund seeks long-term growth of capital by investing primarily in micro-capitalization Canadian listed equities. Income is a secondary objective, but only when consistent with long-term growth of capital. We define micro-capitalization companies as those with a market capitalization of less than $300 million.

Fund Risk

Investing in the Fund entails certain risks and is suitable only for sophisticated investors for whom an investment in the Fund does not represent a complete investment program and who understand and are capable of bearing the risks of an investment in the Fund.

Annualized Returns as at March 31, 2017

Term Sheet

The Partnership

Innerkip Equity Fund, a partnership established under the laws of Ontario.

The General Partner

Innerkip Management Inc.

The Advisor and Investment Fund Manager

Innerkip Capital Management Inc.

The Custodian

CIBC Investor Services

Fund Administrator

SGGG Fund Services Inc.

Fund Auditor

Goodman & Associates LLP

Personal Investment

The management and employees of Innerkip Capital Management Inc. will hold in aggregate, directly or indirectly, no less than 20% of the Units of the Fund at all times.

Minimum Subscription

Cdn$250,000 initial; Cdn$50,000 additional (or such lesser amounts as may be permitted by the General Partner and applicable securities laws).

Accredited Investor

An investment in Limited Partnership Units of the Fund rely on the Accredited Investor prospectus exemptions as defined in Part 2 of National Instrument 45-106 Prospectus and Registration Exemptions.

Suitability

In addition, an investment amount must meet Suitability requirements as defined under Part 13 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registration Requirements. An exemption from the Suitability requirement is available for a Permitted Client if the Subscriber waives this determination in writing.

Fund Size

The General Partner will limit the size of the Fund to match the capacity of the Fund's strategies. The General Partner anticipates capping the Fund size at Cdn$50 million.

Investment Objective

The Fund's investment objective is to attempt to achieve superior returns by profiting from investment opportunities primarily in Canadian based, sponsored or listed issuers.

Investment Strategy

The Fund will employ a variety of investment strategies to take advantage of profitable opportunities in the capital markets.

Offering Period

The Fund will be continuously offered on a monthly basis unless suspended by the General Partner.

Reporting

Limited Partners will receive quarterly investment statements via Innerkip's website and an electronic copy of the Fund's interim and audited annual statements upon request.

Term

  • 1 year minimum hold period
  • Redeemable quarterly subject to 90 day notice period
  • 2% redemption fee in Year 2
  • 1% redemption fee in Year 3
  • General Partner Entitlement

    The General Partner is entitled to 15% of the increase in value subject to a high water mark, payable quarterly.

    Advisory Fee

    The Fund shall pay the Advisor an advisory fee monthly in arrears at an annual rate equal to 2% (plus HST) of the Net Asset Value on the last business day of each month.

    Operating Expenses

    The ongoing expenses of the Fund will be borne by the Fund, including without limitation as applicable fees and expenses of counsel and the Fund's auditors, portfolio transactions including commissions, communication to Limited Partners, custodial arrangements, record keeping, compliance, taxes and interest expenses, brokerage and banking charges.

    Subscription


    Learn More

    If you have any questions or wish to discuss a potential investment in the Innerkip Equity Fund including receiving a copy of the Offering Memorandum and Subscription Agreements please contact:


    Barry Foster, CFA
    Portfolio Manager
    bfoster@innerkip.com
    Office: (416) 962-2400 ext 111