The joint venture will be fully owned by Partners South and Omega Capital Street, a wholly owned subsidiary of Omega commercial Finance Corporation. “This new venture and product offering gives our clients another solid investment opportunity to build their financial future,” said Dr. Timothy Fussell, Founding Partner and Chief Executive Officer of Partners South. “Through this program, they have direct-funding protection of their investment and the incoming cash flow exceeds any associated outlay.”
The Insurance Policy Capital Market program includes a special series of preferred stock that enables the incoming dividend payment to be greater than any outgoing interest payment through the creation of a Series 007 Convertible Redeemable Preferred Fund. “We are confident this new program will new provide revenue streams and sustainable long-term growth for clients who choose this financial strategy and structure,” said Eran Danino, CEO of Omega Capital Street LLC. “Incorporating a Preferred Series 007 conversion feature into the program is a compelling factor in this offering,” he added.
For more information about this program, or Partners South/Omega Capital, visit omegapublic.com/omega-capital-street