Question: Jackson Capital Inc JCI is a new private investment company

Jackson Capital Inc. (JCI) is a new private investment company that provides capital to business ventures and is required to follow IFRS. It is not a venture capital organization.
JCI’s business mission is to support companies to allow them to compete successfully in domestic and international markets. JCI aims to increase the value of its investments, thereby creating wealth for its shareholders. JCI does not qualify as a venture capital organization or investment company.
Funds to finance the investments were obtained through a private offering of share capital, conventional long-term loans payable, and a bond issue that is indexed to the TSX Composite Index. Annual operating expenses are expected to be $1 million before bonuses, interest, and taxes.
Prepare the memo requested by Mr. Potter.

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  • CreatedJune 09, 2015
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