GL Beyond Income Fund announces initial offering of 10 million shares

By Toni Weeks

San Diego, March 16 - The GL Beyond Income Fund has registered and is now offering 10 million shares, according to a 497 filing with the Securities and Exchange Commission.

The newly organized closed-end management investment company is operating as an interval fund by continuously offering to sell shares. The initial net asset value per share is $10, and the minimum initial investment is $1,000, with subsequent investments of at least $250.

The fund seeks income by investing primarily in individual variable-rate interest income-producing debt securities.

Michael V. Tassone and Dan Thibeault are the co-portfolio managers.

Shareholder expenses included a maximum sales load of 5.75%. Management fees will be 2.25%. Including other expenses and taking into account a fee waiver agreement, total annual expenses are expected to be 3.38%.

Waltham, Mass.-based GL Capital Partners, LLC will serve as the fund's investment adviser.

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