Wellings Evergreen Income Fund Distribution Reinvestment Plan

We've offered this option for our last fund, Wellings Real Estate Income Fund and we’re excited to offer it as an option for this fund, Wellings Evergreen Income Fund (the “Fund”).

Complete the form below if you’d like to opt in or out of the Distribution Reinvestment Plan (“DRIP”). Please note that you can opt in or opt out at any time, but please allow up to 45 days for your preference to take effect. If you decide to opt in, all of your investments in the Fund will be opted into the DRIP.

After the Fund investment period is complete, the DRIP will be turned off since the Fund will not be making additional investments. At that point, monthly distributions will resume to all Fund investors.

If you don’t opt in to the Distribution Reinvestment Plan, you will automatically receive monthly distributions via ACH direct deposit. If you have any other questions regarding the DRIP, email emmerson@wellingscapital.com or call us at 800-844-2188.

an example

An investor invests $250k in the fund. Let’s say the yield is 6% annualized and the fund distributes monthly. This means that the investor should expect their monthly distribution to be $1,250. If the investor decides to opt in to the distribution reinvestment plan, their monthly distributions will be reinvested back into the fund so the fund can invest in additional assets.

The investor’s capital base at the end of first month’s distribution would be $251,250 ($250,000 + $1,250). At the end of second month’s distribution, the investor’s capital base would be $252,506.25 ($251,250 + $1,256.25). At the end of third month’s distribution, the investor’s capital base would be $253,768.78 ($252,506.25 + $1,262.53) and so on.

From the wellings Evergreen Income Fund Limited Partnership AGREEMENT

For the full Limited Partnership Agreement, please review the Fund portal page or email invest@wellingscapital.com.

Limited Partners may request, at the time they are admitted as Limited Partners or thereafter upon forty-five (45) calendar days written notice to the General Partner, that they not receive all or a portion of the distributions the Partnership would otherwise make to such Limited Partner and, instead, to have such amounts be reinvested in the Partnership pursuant to the Partnership’s “distribution reinvestment plan” (the “Distribution Reinvestment Plan,” and the amounts the Limited Partner elects to be subject thereto, “DRIP Amounts”).

Any such request will be treated as a standing request by the applicable Limited Partner (which may be revoked or modified, in whole or in part, by such Limited Partner with at least forty-five (45) calendar days’ advance written notice to the General Partner), and the General Partner may accept or reject such request in whole or in part in its reasonable discretion at the time of the applicable distribution to such Limited Partner. To the extent such request is rejected by the General Partner, the rejected amounts will be distributed to the respective Limited Partner. DRIP Amounts will be retained by the Partnership and treated as distributed and then reinvested in the Partnership as Capital Contributions. Each reinvestment of a DRIP Amount will be treated as part of the Block to which such DRIP Amounts relates for purposes of the Withdrawal Lockout and for purposes of allocations, including determination of the Incentive Allocation (and shall not be deemed to reduce any unfunded Capital Commitment(s) of such Limited Partner).

In addition, to the extent a Limited Partner has more than one Block, any DRIP Amounts retained by the Partnership shall be apportioned among such Block pro rata in proportion to the Net Asset Values of such Blocks as of the date such DRIP Amount is treated as contributed pursuant hereto. The General Partner may suspend, terminate or reinstate the Distribution Reinvestment Plan at any time in its reasonable discretion.