Lind Capital Partners Launches High-Yield Municipal Interval Fund
Lind Capital Partners, LLC ("LCP"), an SEC-registered investment advisor, announced the launch of the Lind Capital Partners Municipal Credit Income Fund (LCPMX). The fund seeks to maximize after-tax returns by generating high levels of tax-exempt income from investments in lower and non-rated municipal revenue bonds.
LCPMX will employ a targeted credit approach, rooted in rigorous fundamental research and ongoing surveillance, to invest in high-conviction positions. LCP believes that the retail dominated high-yield municipal market is fragmented and inefficient, leading to periods of sharp dislocation and mispriced investment opportunities. Disciplined credit oversight and opportunistic capital deployment can provide a significant advantage to long-term investors.
LCPMX is an interval fund registered under the Investment Company Act of 1940. The fund offers shares continuously at NAV and provides investors quarterly liquidity. The liquidity provisions enable the portfolio management team to capitalize on periods of market dislocation. The minimum investment for LCPMX is $100,000.
"The interval fund structure is perfectly suited for our investment strategy. It offers a liquidity profile that matches that of the underlying assets and gives us the ability to exploit inefficiencies in the high-yield municipal market and take a ?longer view' towards credit," said J. Robert Lind, Co-Founder of LCP, and 38-year municipal market veteran. "Importantly, we believe that quarterly liquidity protects long-term investors."
Since 2008, LCP has managed municipal bond portfolios exclusively on behalf of high and ultra-high net worth individuals, family offices, and select institutions. LCP's high-yield municipal strategy has generated positive total returns for 11 consecutive years. Previously offered exclusively through separately managed accounts and limited partnerships, the launch of LCPMX brings the strategy to a broader investor audience.
About Lind Capital Partners
Lind Capital Partners ("LCP") was founded in 2008, with offices in Evanston, IL and Grand Rapids, MI. LCP is focused on inefficient sub-sectors of the $3.9 trillion municipal bond market. LCP offers two strategies to investors, Municipal High Yield and Municipal Total Return. Both strategies opportunistically invest in the highly fragmented municipal bond market.
For additional information visit www.LCPMX.com or contact Stephen Wool at [email protected].
Media Contact
If you are a member of the news media and have questions about this release or would like to request an interview with an LCP team member, please contact Hank Hakewill.
Hakewill & Associates
847-256-5420 (office) or 847-714-6561 (cell)
[email protected]
Consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund and may be obtained by calling 888-615-3031. The prospectus should be read carefully before investing. The fund is distributed by Ultimus Fund Distributors, LLC. Lind Capital Partners and Ultimus Fund Distributors, LLC are not affiliated.
Important Risk Information
Investment involves risk, including loss of principal. There is no guarantee that the fund will achieve its investment objectives. Past performance does not guarantee future results.
An investment in the fund is appropriate for investors who can bear the risks associated with the limited liquidity of the fund's shares and should be viewed as a long-term investment. Investors will not be able to redeem shares daily because the fund is a closed-end fund operating as an interval fund. Liquidity will be provided by the Fund only through quarterly repurchase offers as described in this prospectus. The fund's shares are not traded on an active market and there is currently no secondary market for the shares, nor does the fund expect a secondary market in the shares to develop.
Fixed income investments are affected by a number of risks, including fluctuation in interest rates, credit risk, and prepayment risk. In general, as prevailing interest rates rise, fixed income prices will fall. Credit risk is the risk that issuers and counterparties will not make payments on securities and other investments held by the fund, resulting in losses to the fund. Generally, the longer the maturity and the lower the credit quality of a security, the more sensitive it is to credit risk. The fund invests in high yield securities, also known as "high yield" or "junk bonds." High yield securities provide greater income and opportunity for gain, but entail greater risk of loss of principal.
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