AG Diversified Income Fund Plus LP OLD NAME: AG Diversified Credit Strategies Fund L.P.
AG Diversified Income Fund Plus LP OLD NAME: AG Diversified Credit Strategies Fund L.P.
| New Category | LP |
| Investment Manager | Angelo, Gordon & Co |
| Fund Status | |
| Archive | Yes |
| Custodian | ANGELO GORDON |
| Jurisdiction | USA |
| T1135 Reporting | Yes. T1135 Reporting required Section: Category 6 - Other property outside Canada |
| Currency | USD |
| Tax Slip | K-1 |
| Receiver of Tax Receipt |
RFO |
| Tax Slips Expected |
|
| Statements Expected |
Monthly |
| Accounting Treatment |
Per K-1. Distributions received during the year will reduce the investment, then once the K-1 information is received income is recorded against the investment account. *For Box 11 on K-1 Please refer to Tax Memos section on the FAM collaboration site to see how to treat this loss. Please pick up amount from schedule instead of the amount on the K1. |
| Tax Memo/ Tax Treatment |
Per K-1 Note 2020 & 2021: There were no 2020 or 2021 tax slip as there was not activity in 2020 and 2021. Fund activity stopped at the end of 2019. There was however a distribution of 8% in 2020 (holdback amount) which was not paid in cash because when clients exited the AG DIF Plus fund the exit strategy was to transfer into AG DIF fund. The 8% that went into AG DIF increased the clients contribution to AG DIF. It is not income but rather ROC |
| US Tax Return Required | No |
| Type | Partnership |
| Nature of Investment |
Distressed debt bought at deep discounts as well as a small % of rights (income & capital gains) |
| Notes |