The OCP Credit Strategy Fund is an investment fund governed by the laws of the Province of Ontario managed by Onex Credit Partners, LLC ("OCP").
Investment Rationale
The Fund has been established to provide Unitholders with exposure to the performance of an actively managed, diversified portfolio comprised primarily of senior debt obligations of non-investment grade North American issuers. OCP believes that attractive opportunities exist in the North American non-investment grade credit markets, following the significant volatility that has occurred over the last two years.
Investment Objectives
The Fund, through exposure to the Portfolio, will seek to achieve the following objectives:
- to maximize total returns for holders of Units (“Unitholders”), on a tax-advantaged basis;
- to provide Unitholders with attractive, quarterly, tax-advantaged distributions, initially targeted to be $0.70 per annum, representing an annual yield of 7% based on the original issue price of $10.00 per Unit; and
- to preserve capital.
