Direct answer
Most Interval Funds, Tender Offer Funds, and BDCs are structured as RICs and issue standard 1099-DIV forms, though a select few evergreen private equity or real estate funds issue a Schedule K-1.
Tax reporting depends entirely on how the specific fund is legally structured, which is a major advantage of evergreen vehicles:
- Form 1099-DIV: Most Interval Funds, Tender Offer Funds, and BDCs are structured as Regulated Investment Companies (RICs). This means they issue standard 1099 forms, completely avoiding the complexities and filing delays associated with K-1s.
- Schedule K-1: A select few evergreen private equity or real estate funds operate as pass-through partnerships and will issue a Schedule K-1.
Check the specific fund's offering documents on our platform to confirm its tax wrapper before investing.
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