This document is a tax summary for prospective investors in the Access Fund and Underlying Fund, expected to be treated as partnerships for U.S. federal income tax purposes. It outlines potential tax consequences and advises investors to consult their own tax advisors. The document discusses the implications of the Funds failing to qualify as partnerships and being treated as corporations, which would result in entity-level taxation.
documents/vol00010-efta01364719-pdf.pdf
{"document_type":"financial","document_subtype":"tax summary","key_organizations":["Southern Financial LLC","Access Fund","Underlying Fund"],"reference_numbers":["GLDUS238","DB-SDNY-0055267","SDNY_GM_00201451","EFTA01364719"]}