LSQ SPAC Fund

The LSQ SPAC Fund invests in a diversified portfolio of listed special purpose acquisition corporations (“SPACs”) and targets double-digit returns with low correlation to the equity markets. SPACs are publicly-traded shell corporations that raise capital in anticipation of making an acquisition which can present trading/SPAC arbitrage opportunities in the time between the IPO of the SPAC and the potential deal consummation. The Fund pays a monthly distribution – see Fund Details below for further details.

Current Monthly Report

Why Invest?

  • Investors interested in a strategy that traditionally has had low volatility and low correlation to North American equity markets.

  • Investment team has extensive experience in SPAC arbitrage

  • Material commitment of investment team and senior management

  • Regular monthly distributions

Fund Details

Strategy
SPACs
Fundserv Code
Class (CAD) Class (USD)
F: SPA1500 USF: SPA1510
X: SPA1502 USX: SPA1512
Distributions
5% per annum, paid monthly
RSP Eligible
Yes
Subscription Frequency
Monthly, on the last business day of each month
Minimum Investment (accredited investors only)
Class F | USF: $25,000
Class X | USX: $5,000,000 per investor / Investment Advisor
Currency
Canadian dollars and US dollars
Management Fee
Class
F | USF: 1% per annum
X | USX: 1.5% per annum
Performance Fee
Class
F | USF: 20% per annum
X | USX: 10% per annum
High Water Mark
Yes. No reset.
Lock-up Period
None
Redemption Frequency
Monthly, on the last business day of each month
Redemption Notice
20 days
Early Redemption Fee
None