Tecate Northern Trust (the “Fund”) is the private equity arm of Midnight Sun. The Fund makes long-term equity investments with the combined goals of maximizing investment returns and building relationships with entrepreneurs and their advisors.
Potential candidates for investment come from both conventional sources and our innovative transaction program which allows us, and the investee, a low-risk opportunity and time to evaluate the long-term equity investment fit.
With either option shareholders receive liquidity for their shares, while potentially taking advantage of their lifetime capital gains exemption.
The Fund also makes non-controlling investments in private businesses that are well-managed, scalable or otherwise attractive, and also makes substantial investments in select private business in which Midnight Sun has a strategic interest.
Midnight Sun has observed that few Canadian individuals and businesses trade in foreign exchange and has surmised that this is attributable to four obstacles:
Theta King Inc., the foreign exchange arm of Midnight Sun, has developed innovative foreign exchange trading strategies designed to overcome the first two obstacles while Kootenay Commercial Lending Trust, a commercial lending affiliate of Midnight Sun, has developed lending strategies to overcome the last two. By combining the strategies, Midnight Sun is positioned to offer a unique and powerful foreign exchange trading opportunity to investors and businesses.
Georgia Contracts are available through Red Jacket Capital.
Gemini Shares are offered by affiliates of Midnight Sun pursuant to exemptions from prospectus and registration exemptions in securities laws. The issuers use the funds raised from issuing Gemini shares for short-term investment purposes. From an investor’s perspective, Gemini shares provide a unique method to potentially profit from short-cycle changes in exchange rates, similar to a conventional call or put option but with different payout profiles. Investors may follow a variety of speculative strategies including taking directional positions, omni-directional “strangle” positions, and selectively taking early redemption opportunities.
The breadth of potential trading strategies coupled with their unique tax profile make Gemini Shares attractive even when the exchange rate is stagnant.
All litigation and particularly tax disputes can be expensive, uncertain and take significant time to resolve. If audited and challenged by the Canada Revenue Agency, many taxpayers choose to simply concede legitimate positions rather than dispute tax reassessments.
Westminster Funding Trust (“Westminster”) is the litigation funding affiliate of Midnight Sun. Westminster will fund up to 75% of the costs involved in tax disputes at any stage in the dispute process, from audit to court proceedings. The taxpayer maintains control over all aspects of the dispute and Westminster will only be compensated if a successful resolution is achieved.
Until June 30, 2020, Midnight Sun is offering Second Preferred Shares each quarter pursuant to exemptions from prospectus and registration requirements in securities laws. These Second Preferred Shares feature monthly dividends (1.0% per annum), growth opportunities (up to 7.0% per annum), and cashless subscription/early liquidity options that are intended to facilitate the ability of investors to use their lifetime capital gains exemption.