Red Oak Redeems Series A Bonds Ahead of Schedule

Red Oak Capital Fund IV, LLC, a Delaware limited liability company, elected to redeem all outstanding 6.25% Senior Secured A Bonds and 6.50% Senior Secured Ra Bonds on June 9, 2023. The Series A Bonds have an aggregate principal of $2.22 million and were originally scheduled for redemption on June 30, 2023.

Series A holders will receive $1,011.81 per bond. Series Ra holders will receive $1,012.28 per bond.

“The early redemption of ROCF IV reflects the strategic planning and outstanding execution by the Red Oak team despite the challenges faced to deliver results investors demand today,” said Ray Davis, Chief Strategy Officer of Red Oak Capital Holdings.

ROCF IV was formed on October 31, 2019, to acquire and manage commercial real estate loans and securities and other real estate-related debt instruments.

“The remarkable performance of the fund was achieved in a rising interest rate environment that was also challenged by inflation, market volatility and economic worries, all of which added up to uncertainty,” added Davis.

Pictured: Ray Davis