Please fill out this form below to request access to our content library.
If you have any questions please email investorrelations@bramshillinvestments.com.
DEFINITION OF AN ACCREDITED INVESTOR
An accredited investor shall mean any person who comes within any of the following categories:
- As defined in section 3(a)(2) of the Act
- registered pursuant to section 15 of the Securities Exchange Act of 1934
- registered pursuant to section 203 of the Investment Advisers Act of 1940or registered pursuant to the laws of a state;
- OR relying on the exemption from registering with the Commissionunder section 203(l) or (m) of the Investment Advisers Act of 1940
- as defined in section 2(a)(13) of the Act;
- registered under the Investment Company Act of 1940
- as defined in section 2(a)(48) of that act;
- licensed by the U.S. Small Business Administration under section 301(c) or (d) of the Small Business Investment Act of 1958;
- as defined in section 384A of the Consolidated Farm and Rural Development Act;
- within the meaning of the Employee Retirement Income Security Act of 1974if the investment decision is made by a plan fiduciary, as defined in section 3(21) of such act, which is either a bank, savings and loan association, insurance company, or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons that are accredited investors;
- as defined in section 202(a)(22) of the Investment Advisers Act of 1940
- described in section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust, partnership, or limited liability company, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000;
-
Director, executive officer, or general partner of the issuer of the securities being offered or sold, or any director, executive officer, or general partner of a general partner of that issuer;
- Natural Person whose individual net worth, or joint net worth with that person's spouse or spousal equivalent, exceeds $1,000,000;
- (i)Except as provided in paragraph (a)(5)(ii) of this section, for purposes of calculating net worth under this paragraph (a)(5):
- (A)The person's primary residence shall not be included as an asset;
- (B)Indebtedness that is secured by the person's primary residence, up to the estimated fair market value of the primary residence at the time of the sale of securities, shall not be included as a liability (except that if the amount of such indebtedness outstanding at the time of sale of securities exceeds the amount outstanding 60 days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess shall be included as a liability); and
- (C)Indebtedness that is secured by the person's primary residence in excess of the estimated fair market value of the primary residence at the time of the sale of securities shall be included as a liability;
- (ii)Paragraph (a)(5)(i) of this section will not apply to any calculation of a person's net worth made in connection with a purchase of securities in accordance with a right to purchase such securities, provided that:
- (A)Such right was held by the person on July 20, 2010;
- (B)The person qualified as an accredited investor on the basis of net worth at the time the person acquired such right; and
- (C)The person held securities of the same issuer, other than such right, on July 20, 2010.
- (i)Except as provided in paragraph (a)(5)(ii) of this section, for purposes of calculating net worth under this paragraph (a)(5):