An investment in Abraham’s River may be in one or more classes of Units. All rights of each Unit are equal to every other Unit other than in their liquidity preference, share of income, and dividend reinvestment requirements. Essentially, the higher the potential yield, the less liquid the investment.
Members may buy Units from or sell Units to Abraham’s River once per month, on the 15th of each month or the next business day following. Members desiring to sell Units must indicate their desire to sell prior to the 15th, and will be placed on a waiting list based on Class priority.
Members may buy Units from or sell Units to Abraham’s River once per month, on the 15th of each month or the next business day following. Members desiring to sell Units must indicate their desire to sell prior to the 15th, and will be placed on a waiting list based on Class priority.
Class L (Liquid) Units are intended to be the most liquid in exchange for a lesser share in the profits of the Company. The Weightage for Class L Units is approximately a multiplier of 0.5x per Unit of profit per Class L Unit. Any Class L Unit to be sold shall always have first priority over Units of all other Classes in establishing the priority list of Units for sale or any waiting list if there is insufficient liquidity. There is no requirement for dividends on Class L Units to be reinvested (other than payments under $25 which must be reinvested).
Class T (Term) Units are intended to be committed for a minimum of a one-year term investment in exchange for an intermediate share in the profits of the Company. The Weightage for Class T Units is approximately a multiplier of 1.0x per Unit of profit per Class T Unit. Any Class T Unit to be sold shall always have priority over Units of Class C or E in establishing the priority list of Units for sale or any waiting list if there is insufficient liquidity, but shall always be ranked in priority behind all Class L Units for sale. 50% of all dividends will be reinvested into additional Class T Units (plus payments under $25 must be reinvested).
Class C (Charity) Units may only be owned by or for the benefit of non-profit Members. These Units are intended for charitable endowments and charitable income trusts and the like. They are intended to receive an intermediate level of return in exchange for an intermediate level of liquidity, no investment duration commitment, and no requirement to reinvest dividends. The Weightage for Class C Units is approximately a multiplier of 1.0x per Unit of profit per Class C Unit. Any Class C Unit to be sold shall always have priority over Units of Class E in establishing the priority list of Units for sale or any waiting list if there is insufficient liquidity, but shall always be ranked in priority behind all Class T Units for sale. All dividend payments under $25 must be reinvested.
Class E (Equity) Units are intended to be committed as an indefinite investment in exchange for the largest share in the profits of Abraham's River. The Weightage for Class E Units is approximately a multiplier of 2.0x per Unit of profit per Class E Unit. Any Class E Unit to be sold shall always have the last priority in establishing the priority list of Units for sale or any waiting list if there is insufficient liquidity. Class E Units may be sold prior to one year from the time they were purchased, but in the event of limited liquidity for the purchase of Units, Class E Units held for less than one year shall be ranked on any priority or waiting list behind any Class E Units that have been purchased and held for one year or more. For Class E Units, 65% of all dividends will be reinvested into additional Class E Units (plus payments under $25 must be reinvested).
Class T (Term) Units are intended to be committed for a minimum of a one-year term investment in exchange for an intermediate share in the profits of the Company. The Weightage for Class T Units is approximately a multiplier of 1.0x per Unit of profit per Class T Unit. Any Class T Unit to be sold shall always have priority over Units of Class C or E in establishing the priority list of Units for sale or any waiting list if there is insufficient liquidity, but shall always be ranked in priority behind all Class L Units for sale. 50% of all dividends will be reinvested into additional Class T Units (plus payments under $25 must be reinvested).
Class C (Charity) Units may only be owned by or for the benefit of non-profit Members. These Units are intended for charitable endowments and charitable income trusts and the like. They are intended to receive an intermediate level of return in exchange for an intermediate level of liquidity, no investment duration commitment, and no requirement to reinvest dividends. The Weightage for Class C Units is approximately a multiplier of 1.0x per Unit of profit per Class C Unit. Any Class C Unit to be sold shall always have priority over Units of Class E in establishing the priority list of Units for sale or any waiting list if there is insufficient liquidity, but shall always be ranked in priority behind all Class T Units for sale. All dividend payments under $25 must be reinvested.
Class E (Equity) Units are intended to be committed as an indefinite investment in exchange for the largest share in the profits of Abraham's River. The Weightage for Class E Units is approximately a multiplier of 2.0x per Unit of profit per Class E Unit. Any Class E Unit to be sold shall always have the last priority in establishing the priority list of Units for sale or any waiting list if there is insufficient liquidity. Class E Units may be sold prior to one year from the time they were purchased, but in the event of limited liquidity for the purchase of Units, Class E Units held for less than one year shall be ranked on any priority or waiting list behind any Class E Units that have been purchased and held for one year or more. For Class E Units, 65% of all dividends will be reinvested into additional Class E Units (plus payments under $25 must be reinvested).