Madison Capital Investments is permitted under federal law to share
information on our partnerships only to qualified investors.
Below is an excerpt of the Securities Exchange Commission's (SEC)
regulation containing the definition of an Accredited Investor.
Answering "YES" to any of these conditions qualifies you as an
Accredited Investor:
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SEC Excerpt
Translated: |
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Any natural
person whose individual net worth,
or joint net worth with that person's spouse, at the time of his
purchase exceeds $1,000,000, OR
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Any natural
person who had individual income in excess of $200,000 in each of
the two most recent years or joint income with that person's spouse
in excess of $300,000 in each of those years and has a reasonable
expectation of reaching the same income level in the current year,
OR
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Any trust with
total assets in excess of $5,000,000, not formed for the specific
purpose of acquiring the securities offered, whose purchase of the
securities is directed by a person who has such knowledge and
experience in financial and business matters that he is capable of
evaluating the merits and risks of the prospective investment OR
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Any organization
that was not formed for the purpose of acquiring the securities
being sold, with total assets in excess of $5,000,000 OR
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And, any entity
in which all of the equity owners are Accredited Investors. |
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Reg. 239.501. |
As used in Regulation D (
230.501-230.508), the following terms shall have the meaning
indicated:
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(a) |
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Accredited investor. Accredited
investor shall mean any person who comes within any of the
following categories, at the time of the sale of the securities to
that person:
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(1) |
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Any bank as defined in section
3(a)(5)(A) of the Act, or any savings and loan association or other
institution as defined in section 3(a)(5)(A) of the Act whether
acting in its individual or fiduciary capacity; any broker or dealer
registered pursuant to section 15 of the Securities Exchange Action
of 1934; any insurance company as defined in section 2(13) of the
Act; any investment company registered under the Investment Company
Act of1940 or a business development company as defined in section
2(a)(48) of that Act; any Small Business Investment Company licensed
by the U.S. Small Business Administration under section301(c) or (d)
of the Small Business Investment Act of 1958; any plan established
and maintained by a state, its political subdivisions, or any agency
or instrumentality of a state or its political subdivisions, for the
benefit of its employees, if such plan has total assets in excess of
$5,000,000; any employee benefit plan within the meaning of the
Employee Retirement Income Security Act of 1974 if the investment
decision is made by a plan fiduciary, as defined in section 3(21) of
such Act, which is either a bank, savings and loan association,
insurance company, or registered adviser, or if the employee benefit
plan has total assets in excess of $5,000,000 or, if a self-directed
plan, with investment decisions made solely by persons that are
accredited investors;
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(2) |
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Any private business development
company as defined in section 202(a)(22) of the Investment Advisers
Act of 1940;
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(3) |
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Any organization described in section
501(c)(3) of the Internal Revenue Code, corporation, business
trusts, or partnership, not formed for the specific purpose of
acquiring the securities offered, with total assets in excess of
$5,000,000;
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(4) |
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Any director, executive officer, or
general partner of the issuer of the securities being offered or
sold, or any director, executive officer, or general partner of a
general partner of that issuer;
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(5) |
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Any natural person whose individual
net worth, or joint net worth with that persons spouse, at the time
of his purchase exceeds $1,000,000;
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(6) |
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Any natural person who had an
individual income in excess of $200,000 in each of the two most
recent years or joint income with that persons spouse in excess of
$300,000 in ach of those years and has a reasonable expectation of
reaching the same income level in the current year; Any trust,
with total assets in excess of $5,000,000, not formed for the
specific purpose of acquiring the securities offered, whose purchase
is directed by a sophisticated person as described in
230.506(b)(2)(ii); and
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(7) |
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An entity in which all of the equity
owners are accredited investors.
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(8) |
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An entity in which all of the equity
owners are accredited investors |
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