Avenue Aviation II Annex Fund (Offshore), LP

New Category	LP
Investment Manager	Avenue Capital
Fund Status
Archive	No
Custodian	N/A
Jurisdiction	Cayman Islands
T1135 Reporting	Yes
Currency	USD
Tax Slip	PFIC
Receiver of Tax Receipt	RFO
Tax Slips Expected	June
Statements Expected	Quarterly
Accounting Treatment	Per PFIC. When distributions are received you will decrease the ACB of the investment until the tax information is received at year-end and then reclassify accordingly. Starting in June 2021, per the client's capital statement, 3% of interest income should be accrued on committed amount, and 17% on the contributed amounts.
Tax Memo/ Tax Treatment	Per PFIC
US Tax Return Required	No
Type	Partnership
Nature of Investment	A Fund designed to provide a capital source for Avenue Aviation Opportunities Fund II, LP. Not all clients who invested in the original fund are invested here and some clients invested here are not invested in original fund. Accrued interest income
Notes