Covington Venture Fund - Capital Protected Series

This Fund is closed to new purchases

Fund Information

An investment product that focuses on priciple protection; the Fund's venture portfolio focuses primarily in emerging, high-growth, Canadian companies that are eligible businesses and intend to develop and grow investee businesses in cooperation with the strategic relationships introduced by Covington.

Management Objective & Strategy

The Fund will invest in small to medium sized privately held enterprises based in Ontario.  Investments will be structured primarily as equity in addition to convertible debt.  The Fund expects to invest approximately 70% of the net proceeds of the Initial Offering in a secured Note.  The remaining funds will be invested in eligible businesses as well as being utilized to cover fund expenses. 

Advantages of Investment

• Capital Protection
• 30% Tax Credits
• Venture Investment Portfolio of Select Canadian Enterprises 
• Low MER
• RRSP Eligible
• Venture Capital Growth Potential

Date of Inception
November, 2007

Fund Symbol
Series VIII - CIG 465
Series IX - CIG 466

Investment Advisor
Covington Capital Corporation

Management Fee
1.25%

Tax Credits
20%

Commission Structure
Series VIII (CIG 465): 6% + 50 BPS
Series IX (CIG 466): 10%