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VII Peaks BDC II Dealer Manager Quits

February 25, 2016

Feb 24 2016 | DI Wire

Axiom Capital Management Inc., a full-service broker-dealer, terminated its dealer management agreement with VII Peaks Co-Optivist Income BDC II Inc., a non-traded business development company, according to a filing with the Securities and Exchange Commission.

Axiom served as a non-exclusive managing broker-dealer in the BDC’s continuous offering of common stock, receiving a 3 percent dealer manager fee and 7 percent selling commission.

Axiom’s termination letter did not provide a reason for the termination, but VII Peaks believes it was because a post-effective amendment to their registration statement for its continuous offering has not been declared effective by the Securities and Exchange Commission.

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Steve Siepak
Blue Vault session at the recent National Planning Holdings National Conference
September 13, 2017

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