Corsaires Total Return, LLC (CTR) broke impound and admitted its first investors on 08/24/2006. CTR closed subscription on 02/26/2007 with a total of 52 members and net offering capitalization of $1,622,594.
On 12/11/2017, CTR terminated operations and made liquidating distributions of $10,031,461. Over the life of the Fund, CTR paid $942,542 in annual distributions and $10,314,014 in liquidation proceeds, resulting in total cash disbursements of $11,256,556.
Corsaires Total Return, LLC Performance Relative to Benchmark From 8/24/06 (Inception) – 12/11/17 (Final Liquidation)
Important Notes and Disclosure:
Corsaires Total Return, LLC was formed in 2006 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 capital appreciation, dividend income, and equity trading gains. The fund liquidated on 12/11/2017. 2nd Market Capital Advisory Corporation (2MCAC) acted 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 Total Return, 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 paid upon liquidation.
Use of Leverage or Margin: Corsaires Total Return, LLC, by prospectus, had 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 could range from 200% long to 100% cash, to 100% short positions, or any combination within those ranges, borrowing against net equity.
Benchmark Information: Corsaires Total Return, 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 Total Return, 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.
Investment advisory services offered through 2nd Market Capital Advisory Corporation, a Wisconsin registered investment advisor.
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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