Corsaires Dividend Growth, LLC 06/30/2018
Corsaires Dividend Growth, LLC (CDG) broke impound and admitted its first investors on 10/12/2005. CDG closed subscription on 05/27/2006 with a total of 27 members and net offering capitalization of $1,544,600.
Since inception, CDG has disbursed cash to unitholders totaling $1,715,833 or $11.00 per $10 unit.
As of 06/30/2018, CDG had net equity of $8,672,050 or $55.60/unit as contrasted against the original $10/unit offering price.
Corsaires Dividend Growth, LLC Performance Relative to Benchmark from 10/12/2005 (Inception) – 06/30/2018
Corsaires Dividend Growth, LLC was formed in 2005 to invest in a diversified portfolio of publicly traded real estate equities and debt securities with the objective of maximizing total return through a combination of dividend income and capital gains. The fund is still actively managed. 2nd Market Capital Advisory Corporation (2MCAC) acts 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 Corsaires Dividend Growth, LLC 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 are 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 payable upon liquidation.
Use of Leverage or Margin: Corsaires Dividend Growth, LLC, by prospectus, has the capacity to borrow capital to leverage investment (typically described as margin) thereby increasing both the possibility of gain and risk of loss. Margin limit: investment levels can range from 200% long to 100% cash, to 100% short positions, or any combination within those ranges, borrowing against net equity. As of 06/30/2018 Corsaires Dividend Growth LLC's cost of margin was 2.50%
Benchmark Information: Corsaires Dividend Growth, LLC 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. Corsaires Dividend Growth, LLC 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.
Conflicts of Interest: We routinely own and trade the same securities purchased or sold for advisory clients of 2MCAC. This circumstance is communicated to clients on an ongoing basis. As fiduciaries, we prioritize our clients' interests above those of our corporate and personal accounts to avoid conflict and adverse selection in trading these commonly held interests.
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.
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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