LCPMX Reaches Significant Milestone

LCPMX Reaches Significant Milestone

LCPMX has reached a significant milestone, surpassing $50 million in assets under management. As of June 20, 2025, fund AUM totaled $60.8 million. Increased scale will provide benefits to all investors.

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LCPMX Surpasses $50 Million in Assets

We are proud to announce that the Lind Capital Partners Municipal Credit Income Fund has reached a significant milestone, surpassing $50 million in assets under management (“AUM”). As of June 20, 2025, fund AUM totaled $60.8 million.

The Lind Capital Partners Municipal Credit Income Fund (ticker: LCPMX) was launched in 2022, as an interval fund registered under the Investment Company Act of 1940. We believe that the interval fund structure is the ideal structure for our investment strategy, offering investor liquidity that matches that of the underlying assets. Importantly, we believe the structure gives the portfolio management team the ability to exploit inefficiencies in the non-rated municipal market and more importantly, offers protection for long-term investors. The growth of LCPMX is testament to our investors’ confidence in both our strategy and the interval fund structure.

We are excited to have reached this milestone and for the opportunities that lie ahead with continued growth. We expect the increased scale to benefit our investors in several ways:

  • Broader access for new investors: The $50 million threshold is a critical hurdle for the fund to be approved by many independent RIAs, broker-dealers, and other investment platforms.

  • Enhanced deal flow: Larger scale can help source new deals in our market, providing our investors access to additional investment opportunities.

  • Cost efficiencies: As the fund continues to grow, fixed costs are distributed across all shareholders and we expect the expense ratio to decline over time.

  • New capital is accretive to portfolio yield: The current market environment continues to offer historically attractive purchase yields. We are consistently seeing opportunities to invest new capital at 6.50 - 7.00% tax-exempt yields.

While we continue to grow, we remain focused on our primary objective: to offer a unique approach to an inefficient corner of the municipal market, and deliver high levels of tax-exempt income to our investors. The current market environment and growth of LCPMX further allows us to execute that objective.

LCPMX is currently available through the Fidelity FundsNetwork and the Schwab Mutual Fund Marketplace, as well as directly through the fund administrator, Ultimus Fund Solutions.

Please reach out if you'd like to schedule an update call on the strategy and the non-rated municipal market.

The fund's prospectus and more information on LCPMX can be found on the fund website: www.LCPMX.com

 
Disclosure

Past performance is not indicative of future results. An investment in the Lind Capital Partners Non-Rated Municipal strategy is not suitable for all investors. Investing involves risk, and municipal instruments can be affected by adverse political and economic conditions. The material contained herein is provided for informational purposes only and is not financial advice, should not be construed as an offer to buy, hold, or sell any security or to invest in the strategy, and may contain information from third party sources Lind Capital Partners, LLC (LCP) believes to be accurate.Any offer for investment in the LCP limited partnership vehicle will be made exclusively to qualified investors on a private placement basis, and only by means of a private placement memorandum, which contains detailed information concerning investment terms. LCP is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration as an investment advisor does not imply a certain level of skill or training. Performance information (time-weighted rate of return) is provided for the LCP Non-Rated Municipal Composite (Inception May 1, 2010)which is comprised of all fully discretionary accounts managed in the LCP High Yield Muni Strategy. Performance returns include realized and unrealized gains and losses; are calculated total return, net of actual advisory fees and transaction costs, including distributions to Limited Partnership investors where appropriate. Refer to LCP’s Form ADV Part 2A for additional information related to advisory fees and services. This document is publicly available and upon request by contacting: Info@LindCaptialPartners.com. Performance measured by Cortland Capital Services,Clearwater Analytics, NAV Consulting, ICE Data Services and Bloomberg. Opinions expressed are those of LCP and should not be considered a forecast of future events or a guarantee of future results. Opinions and estimates offered constitute our judgment as of the date set forth above and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. All material presented is compiled from sources believed to be reliable, but no guarantee is given as to its accuracy. Taxable equivalent yield = (Tax-ExemptYield)/(1-Federal Tax Rate).

Lind Capital Partners

Lind Capital Partners combines deep expertise, rigorous credit analysis, and a high-conviction approach to deliver a unique approach to the non-rated municipal bond market.

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Evanston, Illinois 60201

312.878.3830

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