Series Description
"JRSP" is the acronym for the “Juro Revenue Sharing Program Series” where “Members of the Juri” can stake their interests in the Juro Enterprise. It serves as the Perpetual Global Bad Bank mechanism of Juro Economic Remediation tools and holds all assets of the Capital Conversions of the Juro System (“CCJS”) portfolio, as well as all in-kind contributions for basket creations.
We are offering an open-ended amount of units in this offering on a continual basis in accordance to the immutable terms and conditions of this series.
Subscription in this series is one of the “Perpetual Bad Bank” tools offered by Juro System as promoted by the Juro Organization Statutory Foundation, which is available to banks and financial institutions around the world. The units are offered by us on an open-ended basis with immutable terms and conditions. Redemptions are available in any amount, as per the immutable terms and conditions. All other transactions are to 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).
This series of the partnership was created as the staking mechanism for Members of the Juri who have utilized the Capital Conversion of the Juro System (“CCJS”) and are subsequently holders of juro USD. The JRSP Series of this partnership is the beneficiary of the perpetual royalty of 17.00% of all gross receipts of the Juro Revenue Sharing Program, as defined in the irrevocable trust deed of the Juro Organization, which includes a 17% royalty override on the General Partner’s perpetual royalty over the gross revenue which is generated from all of the series of the this partnership (excluding this series). The units are FEIPS (Fungible Equity Interest Profit Sweep) securities. As such, the quarterly profit sweeps of the royalties provide a steady income stream from multiple sources which are disbursed on a gross basis. The revenue streams are largely disconnected from market conditions as they are royalties due as operating expenses of the respective operations / sources. There is no active trading of the JRSP series portfolio, rather passive income is received and distributed.
Highlights of Series Particulars
This is series has a perpetual duration and is the only series which participates indirectly in the portfolio earnings of all of the other series of Juro Funds. The participations of this series are securitized in fungible units with a par value of $1,000.00 per unit. The JRSP 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.
Juro Funds LLC - Revenue Sharing Program - Series 1
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.
