Management Discipline
Investment Mandate:
1. Protection for investment capital plus current income and great upside potential

ECF acquires only commercial assets that enjoy immediate current cash flow and provide three investment return elements:
1.Dividends paid on invested capital from current cash flow.
2.Profit produced from operational and capital improvements of the underlying asset.
3.Equity appreciation gained from economic expansion and contract rate increases on current leases in chosen     markets.

Investment capital earns a pre-tax annual return of 8% plus investment-term equity sharing. This together with asset operational improvements produces an approximate annual yield of 15%; an IRR of 32% is available.