# 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**