UNLOCK THE POWER OF THE VAULT

VII Peaks BDC II Dealer Manager Quits

February 25, 2016

Feb 24 2016 | DI Wire

Axiom Capital Management Inc., a full-service broker-dealer, terminated its dealer management agreement with VII Peaks Co-Optivist Income BDC II Inc., a non-traded business development company, according to a filing with the Securities and Exchange Commission.

Axiom served as a non-exclusive managing broker-dealer in the BDC’s continuous offering of common stock, receiving a 3 percent dealer manager fee and 7 percent selling commission.

Axiom’s termination letter did not provide a reason for the termination, but VII Peaks believes it was because a post-effective amendment to their registration statement for its continuous offering has not been declared effective by the Securities and Exchange Commission.

Article Located Here

Go Back
Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.