Liquidation: Niagara Income Opportunities Fund

Form Type: N-CSR

Filing Date: 2025-06-10

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425011706

Filing Summary: The Niagara Income Opportunities Fund's certified shareholder report for the annual period ending March 31, 2025, indicates a strong portfolio performance with an emphasis on diversification and risk management. The Fund achieved a total return of 2.35% for the first quarter of 2025, leading to a trailing 12-month return of 10.41%. The report details the investment strategies, focusing on multi-strategy private lending that includes both private and public credit investments. Challenges from broader economic factors—including declining consumer confidence and turbulent U.S. equity markets—were noted, yet the portfolio showed resilience with positive performance outcomes. The Fund's assets under management increased to approximately $90 million, with ongoing commitment to transparency and investor communication. Risk factors highlight the illiquid nature of the Fund's shares and the potential for capital reduction due to its non-diversified structure. The management conveys optimism about the future, despite the impact of tariffs and a cooling economy on lending strategies. Additionally, attention to liquidity and risk mitigation strategies is emphasized for ongoing portfolio management.