Multi-Strategy Growth & Income Fund registers 6.67 million shares

By Toni Weeks

San Diego, March 15 - The Multi-Strategy Growth & Income Fund has registered 6.67 million shares in a 497 filing with the Securities and Exchange Commission.

The newly organized non-diversified closed-end management company will operate as an interval fund, continuously offering shares and conducting quarterly repurchase offers of from 5% to 25% of the fund's outstanding shares at net asset value.

The shares will initially be sold at net asset value, initially $15.00 per share, plus a sales load of $0.87 per share.

The fund seeks returns from capital appreciation and income with an emphasis on income generation by investing over 25% of its assets in securities of unlisted real estate investment trusts. It will also invest in alternative investment funds, common stocks and structured notes, bonds and asset-backed securities.

The shares will incur a 0.75% management fees. Including other miscellaneous fees, the total annual expenses are expected to be 2.13%.

San Diego-based RJL Capital Management, LLC will serve as the fund's investment adviser.

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