Crowdfunded Opportunity Zone Fund: Opens To Retail Investors

The first retail opportunity zone investment program "ozShares" has launched on SEC approved funding platform Mr. Crowd.
SEATTLE - Nov. 6, 2019 - PRLog -- Oprine Opportunity Funds (ozSharesTM), an opportunity zone investment program, is currently offering the Series A Preferred Stock on SEC approved funding platform Mr. Crowd  at $10.00 a share with 5% annual non-cumulative dividend per share. The maximum offering amount is $107,000 and the offering will remain open until December 31, 2019.

This offering is being made pursuant to Section 4(a)(6) of the Securities Act (aka Regulation Crowdfunding).

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An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service.Recent tax code changes provided for the creation of opportunity zones.  These zones are a new community development program designed to encourage long-term investments in low-income urban and rural communities nationwide.  The code change establishes a tax incentive for investors who re-invest unrealized capital gains into Opportunity Zone Funds, such as Oprine Opportunity Fund.

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