1235 Classe de Investimento em Ações – Responsabilidade Limitada

Investment Goals

The objective of the Class is to provide its participants with real appreciation of their shares over the medium and long term by investing its net assets in shares of the Dynamo Cougar Master Financial Investment Fund (“Master Class”), which is likewise administered and managed by the Administrator, in compliance with applicable legal and regulatory limitations.

Investment Policy

The Class will seek to invest at least 95% of its net assets in shares of Dynamo Cougar Master Fundo de Investimento Financeiro (“Master Class”), registered under CNPJ No. 37.916.879/0001-26, which is also administered and managed by DYNAMO.

The Master Class, in turn, will invest at least 67% of its net assets in variable-income financial instruments and/or operational modalities whose principal risk factor is the price fluctuation of shares admitted to trading on the spot market of a stock exchange or of an organized over-the-counter market entity, in accordance with applicable legal and regulatory limitations. The remaining portion may be applied in any financial instruments and/or operational modalities permitted by the regulations.

*See detailed description in the bylaws

Target Public

The Class is intended for certain qualified investors, as defined under the applicable regulations and specificed in the Class’ appendix.

Key Risk Factors

Due to the high concentration of the Class’ investments in the Master Class, the Class’ risk factors are predominantly the same as those of the Master Class. Among the main risk factors of the Class are:

Risco de Perdas Patrimoniais: As estratégias de investimento empregadas pela Classe e pela Classe Master podem resultar em significativas perdas patrimoniais para seus Cotistas, inclusive a perda total do capital aportado.
Risco de Mercado: Variações nos preços e cotações dos ativos podem impactar negativamente o patrimônio da Classe e da Classe Master.
Risco de Liquidez: A redução de demanda pelos ativos da Classe Master pode impedir que a classe honre eficientemente suas obrigações e gerar perdas significativas na negociação dos ativos.
Risco de Concentração: A carteira da Classe e da Classe Master podem estar concentrada em ativos de poucos emissores, o que pode aumenta a exposição a riscos específicos e ocasionar volatilidade no valor das cotas.
Risco de Derivativo: A utilização de estratégias com derivativos como parte integrante da política de investimento pode resultar em significativas perdas patrimoniais para os cotistas da Classe Master e, consequentemente, aos Cotistas da Classe.
Risco de Crédito: A Classe e a Classe Master estão expostas ao risco de inadimplência das contrapartes e emissores dos ativos , o que pode resultar em perda de rendimentos e do capital investido. Mudanças nas condições financeiras, econômicas ou políticas dos emissores podem afetar significativamente os preços e a liquidez dos ativos.

For a comprehensive assessment, we recommend consulting the fund’s bylaws, where you will find detailed information.

Minimum Investment

R$ 1,000,000

Minimum Transaction Amount

R$ 100,000

Administration Fee

1.90% per year in the Fund + 0.10% per year in the MASTER CLASS

Performance Fee

15% of what exceeds IPCA + IMA-B*.

*See detailed description in the bylaws.

Performance Adjustment

A fee may be levied on each subscription if the subscription share price is lower than the performance hurdle price (see the bylaws for a detailed description).

Income Tax

15% on nominal gains

Lock-Up Period per Subscription

12-month lock-up or a 3% liquidity fee for redemptions during this period.

Subscription NAV

When issuing shares, the Fund uses the value determined at the close of the first business day following the date on which investors’ funds are actually made available.

Redemption Conditions

Redemptions will be effected at the NET asset value share price determined at the close of the 30th calendar day following receipt of the redemption request—or, if that day is not a business day, at the close of the first subsequent business day—and payment will be made two business days immediately following such conversion.

Auditor

KPMG Auditores Independentes

Administrator

Dynamo Administração de Recursos Ltda

Manager