PRESS RELEASES
Exempt, Inc. Announces DTC Eligibility of its Common Shares
NEWS PROVIDED BY
Exempt, Inc.
January 19, 2022, 07:30 ET
NORTH CAROLINA, USA, January 19, 2022 /PRNewswire/ - Exempt, Inc. ("Exempt, Inc." or the "Company") (CUSIP 301620100) is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible". DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company's common shares in the United States.
With DTC eligibility, existing investors benefit from potentially greater liquidity and execution speeds. This also opens the door to new investors that may receive our shares digitally from our common shares and simplifies the process of trading our common shares as an Alternative Investment Product (AIP) in the United States.
About Exempt, Inc.
As an Alternative Investment (AIP), The Fund will seek to invest in a diversified portfolio of development properties that reflect a balance of property risk profiles. The Fund will target class A and middle market developers seeking a financial partner to provide private equity commitments in return for cash flow, engineering and/or development participation. The strategy of the Fund is focused yet flexible to differentiating market conditions. The Fund’s investment strategy is designed to enable the Fund to capitalize on EXEMPT, INC.’s growing presence in the real estate development market in North Carolina. By targeting new developments with a range of investment returns, EXEMPT, INC. believes the Fund presents an investment vehicle that will offer the potential for attractive returns generated by new asset value creation. EXEMPT, INC. will target investment opportunities that are expected to generate, upon stabilization of the Fund, total returns of 7% to 15%.
In return for the capital provided to each project, the Fund will take an ownership interest in the property through individually tailored joint-ventures and have specific transaction structures. Each joint-venture’s term will vary based on the type of property, location, demographic market, and risk profile. In addition, the credit profile and experience of the developer will play a large role in the amount of structural mechanics designed to maintain expected returns.
Please see the Company's website at www.exemptinc.com for the Company’s profile.
Contact
To contact the Company, please visit the Company's website, www.exemptinc.com and make your request through our investor inquiry form. Our management has a pledge to be in touch with any investor inquiries within 24 hours.