EPIPHANY LEGACY INVESTMENT MUTUAL FUND TRUST
Raise of up to $50,000,000
Epiphany Legacy Investment Mutual Fund Trust (“Legacy or the “Trust”) was formed to enable the growth of the real estate assets held by Black Elm Financial LP, Emerald Delta LP and Epiphany Perpetuity LP. The goal of the Trust is to combine the capital of the Trust with the consistent cash flow from the LPs, to enable the real estate holdings to generate additional economies of scale and grow in a controlled and intentional manner, providing increased value to investors.
Investment Summary:
ISSUER: Epiphany Legacy Investment Mutual Fund Trust (“Legacy” or the “Trust”)
MAXIMUM OFFERING SIZE: $50,000,000
SECURITIES OFFERED: Participating Preferred Class A trust units (the “Trust Units”)
Please note that Legacy is also selling Class F trust units and the details of those Class F trust units are detailed in Legacy’s Offering Memorandum. Ascenta is only selling Class A Trust Units and details in this summary relate only to the Class A Trust Units.
PRICE PER SECURITY:
$4.50 per Trust Unit for up to 1,933,255 Trust Units ($10,000,000) – SOLD OUT
$4.75 per Trust Unit for up to 2,105,263 Trust Units ($10,000,000) - CURRENTLY SELLING
$5.00 per Trust Unit for the next 6,000,000 Trust Units ($30,000,000)
INVESTMENT RETURN:
$4.50 Trust Unit: 8.6% return - SOLD OUT
$4.75 Trust Unit: 8.2% return – CURRENTLY SELLING
$5.00 Trust Unit: 7.8% return
DISTRIBUTIONS: Distributions commence accruing in the month following a purchase and are paid out quarterly. Distributions will be made as income and/or return of capital when available.
DISTRIBUTION REINVESTMENT PLAN (DRIP): A DRIP option is available providing investors with the option to automatically use quarterly distributions to purchase additional units.
MINIMUM SUBSCRIPTION: $2,503
REDEMPTION: Trust Units can be redeemed upon demand after purchase on a quarterly basis. A redemption fee will apply. The current redemption price is $5.00 or Fair Market Value, whichever is greater.
ELIGIBILITY: The Trust Units are eligible for all non-registered and registered (RRSP, RRIF, RESP and TFSA) accounts.
Click here to view the full Legacy Offering Memorandum
Click here to view Legacy’s Offering Summary
Click here to view Legacy’s Term Sheet
Click here to view Legacy’s Fact Sheet
Business Highlights:
The combined top line revenue year to date Q2 Fiscal 2023 was $1.2M
The Management team has over 100 years of senior management experience in real estate investing, acquisitions, and operations
Properties are held in three limited partnerships: Emerald Delta LP (Residential); Black Elm LP (Residential); and Epiphany Perpetuity LP (Commercial)
Emerald Delta LP, Black Elm LP and Epiphany Perpetuity LP currently manages 30 properties
Emerald Delta LP, Black Elm LP and Epiphany Perpetuity LP currently have a combined asset valuation in excess of $58.8M
Total bank financing for Emerald Delta LP, Black Elm LP, and Epiphany Perpetuity LP is $42.9M
Ascenta Offerings are available on a ‘first-come, first-served’ basis. Please express your interest in participating in this financing and we will attempt to hold a position for you. Once you have been confirmed, we will provide you with a Subscription Agreement and Ascenta’s Know Your Client information.
Members of Ascenta may invest alongside its network in this offering.
Closings of this financing will occur monthly or at the Company’s discretion.
The Company has agreed to pay Ascenta a finder's fee of 8% and a trailer fee of 1% per annum