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BK Opportunities
Fund 4
31st August 2022
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Dear all,
The estimated NAV of BK Opportunities Fund-4 (USD) as of 31st August 2022 is (final NAV may differ from this estimation):
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47.61%
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Estimated net performances as of 31st August 2022
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| August 2022 Monthly Return (non-annualized) |
+5.7% |
| August 2022 Year-to-Date (non-annualized) |
+13.3% |
| August 2022 Return Since inception1 |
+6.6% |
| Cumulative Distributions since inception/March 20172 |
+81.5% |
| Cumulative Return since inception/March 2017 (Distributions + NAV gain) |
+29.1% |
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1 — Based on the weighted average internal rate of return (“IRR”) of all classes from their respective closing date, at their respective entry price.
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2 — Based on the number of shares (or the capital contribution) in the fund i.e. assuming an entry price of $1,000 per share or 100.0%.
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We would like to inform you, and also to apologize, that the 30th June 2022 distribution (due to be wired last month) has still not been processed. This is due to a delay in the payment of one of our positions. This is exceptionally unusual for a CLO tranche to pay with delay, but this position is an old legacy (based on an outdated payment system) but well-performing security. We believe the distribution will be wired this week.
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Feel free to contact me if you need further information.
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Crystal & BK Opportunities Funds
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This is not for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to law or regulation. The information contained herein is for information only and does not constitute an offer regarding any product. The document has been prepared by Oristan Ireland DAC and the data have not been audited nor verified. Past performance cannot indicate future performance. There is no assurance that the investment objective will be achieved and investment results may vary.
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