Phoenix Investment Fund, Inc is a US incorporated investment fund registered under SEC Rule 506(c) with authority to issue 251,000,000 common shares plus 249,000,000 preferred shares, both at a par value of US$ 1.00 each, totalling US$ 500,000,000.00.
SEC Rule 506(c) permits issuers to broadly solicit and generally advertise an offering, provided that:
a)all purchasers in the offering are accredited investors; b)the issuer takes reasonable steps to verify purchasers’ accredited investor status and certain other conditions in Regulation D are satisfied. Purchasers in a Rule 506(c) offering receive “restricted securities.”
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