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.Go Back
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