# Penfund Capital Fund VII LP # Penfund Capital Fund VII LP
**New Category**LP
**Investment Manager**Penfund Management
**Fund Status**
**Archive**No
**Custodian**Penfund Management
**Jurisdiction**Canada
**T1135 Reporting**No
**Currency**CDN
**Tax Slip**T5013
**Receiver** **of Tax Receipt**RFO/Client
**Tax Slips Expected** March
**Statements Expected** Quarterly
**Accounting** **Treatment**Per T5013. 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 T5013
**US Tax Return Required**No
**Type**Partnership
**Nature** **of Investment**Lender of a concentrated portfolio of non-secured loans to Canadian and US medium sized companies
**Notes**