Series Description
"CLINT" is the acronym for the “Consumer Loan Investment Trust”, where “Members of the Juri” can obtain the Juro-compliant standardized consumer loans and credit card debt.
The units represent the sole interests in the underlying portfolio of consumer loans and credit card debts that use the CLINT™ standardized terms and conditions. The CLINT units are issued as FEIPS (fungible equity interest profit sweep securities) and not as debt instruments. As such, the profit sweeps from the royalties revenues provide a steady income stream from the entire standardized debt service portfolio of the series which is disbursed on a gross basis.
The disbursements are made in a manner which is disconnected from market conditions and non-performing loan (“NPL”) rates or interest rates. Investors are distributed 80% of the gross revenue component of the monthly debt service in the form of a perpetual royalty. There is no active trading of the CLINT fund portfolio, rather passive income is received by us and distributed to the partners on a pro rata basis.
The units are offered by us on an open-ended basis with immutable terms and conditions. The primary market activity calls for the subscription of the units with the in-kind delivery of portfolios of standardized consumer loans and credit card debts that use the standardized immutable CLINT™ terms and conditions, which carry a fixed 7.50% annual royalty fee.
The holders of the CLINT™ Series units benefit from the standardized terms and conditions of each underlying Master CLINT™ Promissory Note. The principal is secured, non-dischargeable, and the units provide a steady income in the form of royalty payment distributions from gross receipts of the entire CLINT™ Series Portfolio. Redemptions are available as per the immutable terms and conditions. All other transactions are secondary market activities that shall occur in exempt 144A transactions, or on a trading venue selected (ie an ATS or a stock exchange following listing of the partnership series units).
Highlights of Series Particulars
This is series of the partnership has a perpetual duration. The participations of this series are securitized in fungible units with a par value of $1,000.00 per unit. The CLINT Series functions like a closed-ended fund in regards to the scheduling of distributions, basket creations, and basket redemptions; however the series shall issue new units on an open-ended basis in accordance to the immutable terms and conditions of the series. There are also sub-series of the CLINT Series which are possible, where such sub-series would be segregated by currency denomination and jurisdiction of the location of the respective consumer loans and credit card debts which comprise the sub-series portfolio. At the time of the publication of this offering memorandum, no units were outstanding in any currency denomination or sub-series.
Juro Funds LLC - CLINT Loans - Series 15
Equity security representing a pro rata ownership interest in the principal and a pro rata participation in the profit sweeps generated from the total income of the segregated portfolio owned by this fund series. Open-ended issuance of this partnership interest represented by a fungible unit in accordance to the immutable terms and conditions of the fund series.
Equity security in the form of fungible units of partnership interests in the segregated portfolio of the fund series.
$1,000.00 USD per unit
Open-Ended
Par Value
(NAV + Accruals) or (the Market Price as published by the stock exchange of the listing, if listed).
1,000 units
No maximum. As per Agreement.
$100,000,000.00 USD per Basket Creation (in-kind subscription) at the New Unit Offer Price. At the time of a CCJS, which is the sole issuance mechanism for juro Digital Money, the converting Member of the Juri has the option to have the juro Digital Money disbursed into their Juro Central Network (JCN) Account, Juro Decentralized Network (JDC) Wallet, or they may stake through the subscription to the units of the JRSP Series at a fixed price of §$1,000.00 (one thousand juro USD) per unit which reflects the net asset value (“NAV”) par of each JRSP Series unit. Such subscriptions are considered primary market sales. At any time after the CCJS has occurred where the converter opted to have disbursement to a JCN account or JDC wallet, a converter has the option for a primary market subscription to the JRSP units, however in that instance, it is only is possible for the minimum subscription amount of §$100,000,000.00 (one hundred million juro USD).
Pro rata participation in profit sweeps of 80% of revenues on a monthly or quarterly basis, as declared by the fund manager. Voting rights of one vote per unit. Pro rata participation on liquidations in the event of a winding up or dissolution.
Redemptions available monthly at the fixed formula price of (NAV + Accruals) where redemptions are exclusively paid in juro USD only (the "USDJ" stable coin). Redemption Amount is the Par Value following monthly profit sweep distributions of Gross Receipts of the fund series.
All sales in the secondary market are subject to Rule 144a of the Securities Act of 1933, as amended, unless a public listing on a regulated stock exchange occurs or unless another exemption exists (ie Rule 144, Regulation S, etc).
As per subscription
As per subscription. Trades in the secondary market are restricted in accordance to Rule 144a and generally are required to settle in two business days, unless the parties to such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Units prior to two business days before settlement will be required, by virtue of the fact that the Units initially will settle in three business days (T+3), to specify alternative settlement arrangements to prevent a failed settlement.
Perpetual
80%
20%
30 / 360
At any time after 24 months of the subscription date for Par Value + Accrued Revenues (pro rata) paid in fiat US dollars.
Settlement is not contingent on the settlement of the concurrent offerings.
None. ATS by request. And if approved by unitholders at annual meeting, OTC or Listing in 24 months.
506(c), 144, 144a, and S
None. A credit rating is not a recommendation to buy, sell or hold securities, and it may be subject to revision or withdrawal at any time by the assigning rating organization.
