Avenue Aviation Opportunities Fund II (Offshore), LP
Avenue Aviation Opportunities Fund II (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/Client |
| Tax Slips Expected |
August/September |
| 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 |
| Tax Memo/ Tax Treatment |
Per PFIC In 2021, Assets of the original Opportunities Aviation fund were transferred to other entities in the group. For US tax purposes, the rollover occured on a tax-free basis, however tax-free rollover does not apply for Canadian purposes. As such, the Canadian investors will likely need to realize a capital gian or capital loss on that transfer. |
|
US Tax Return Required |
No |
| Type | Partnership |
| Nature of Investment |
Private credit fund operating in the aviation sector. |
| Notes |