# SSC Credit Opportunities II Fund LP (Saguenay II) # SSC Credit Opportunities II Fund LP (Saguenay II)
**New Category**LP
**Investment Manager**Saguenay Strathmore Capital
**Fund Status**
**Archive**No
**Custodian**UBS
**Jurisdiction**Cayman Islands
**T1135 Reporting**Yes Section: Category 6 - Other property outside Canada
**Currency**USD
**Tax Slip**PFIC
**Receiver** **of Tax Receipt**RFO/Client
**Tax Slips Expected** July
**Statements Expected** Quareterly
**Accounting** **Treatment**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
**US Tax Return Required**No
**Type**Partnership
**Nature** **of Investment**SSC Credit Opportunities Fund LP is focused on unique opportunities which invests in asset-backed securities, commercial mortgage-backed securities, collateralized mortgage obligations, collateralized loan obligations, collateralized debt obligations and corporate credits including leveraged loans; stressed, distressed and special situations assets; restructurings; as well as other illiquid assets
**Notes**