Diversified Art Portfolio I Repurchase Offer

Yieldstreet is excited to announce the upcoming launch of Diversified Art Portfolio II, which is expected to offer investors the opportunity to purchase borrower-payment dependent notes backed by participations in fine art loans.   In advance of the launch of Diversified Art Portfolio II, Diversified Art Portfolio I is conducting a repurchase offer. The opportunity to participate in the repurchase offer is open to all existing investors in Diversified Art Portfolio I. 

It is expected that the seller of the participations to Diversified Art Portfolio II, an affiliate of Diversified Art Portfolio I and Diversified Art Portfolio II, will obtain a senior loan from a financial institution secured by a first priority security interest in the loans. The loan from that financial institution is expected to finance the senior portion of each of the loans held by Diversified Art Portfolio II, with the remainder of each loan to be financed by a subordinated participation held by Diversified Art Portfolio II.  We expect the senior loan to Diversified Art Portfolio II and any future offerings having a similar investment purpose to be provided by the same financial institution and under the same credit facility as the senior loan, and for the senior loan to be cross-collateralized by loans in which the subordinated participation is held by any of Diversified Art Portfolio I, Diversified Art Portfolio II and such other future funds. Please refer to the Series Note Supplement for Diversified Art Portfolio II, when available, for further terms and conditions applicable to that offering.

Generally, we expect that Diversified Art Portfolio I, Diversified Art Portfolio II and any future funds having a similar investment purpose will enter into agreements to provide that any potential losses in connection with the senior loan, including the cross-collateralization described above, are allocated in a fair manner based on the loans that are held by Diversified Art Portfolio I, Diversified Art Portfolio II and such future funds. Despite those agreements, it is possible that Diversified Art Portfolio I may be exposed to losses unrelated to the loans in which it holds a participation, if the other parties to those agreements are not able to satisfy their obligations thereunder. Diversified Art Portfolio I may also experience losses if defaults in loans in which it does not hold a participation lead to termination of the senior loan facility or other enforcement of the senior lender’s remedies thereunder.

Diversified Art Portfolio I is offering to repurchase up to your full outstanding principal balance at the end of the offer period. Please refer to the Offer to Purchase for exact details. 

The offer period begins on May 23rd, 2022, and ends one minute past 11:59 PM ET, on June 21st, 2022, unless otherwise extended. If you would like to request that all or a portion of your investment be repurchased, please complete and submit your request via the Yieldstreet platform. All requests must be received through the Yieldstreet platform before the end of the offer period. If no or only a partial repurchase request is received by one minute past 11:59 PM ET on June 21st, 2022, you will be deemed to have agreed to the cross-collateralization mechanic described above to the extent of any portion of your investment in Diversified Art Portfolio I that you have not requested to have repurchased.

We highly recommend that you read the terms and conditions as set forth in the Offer to Purchase, which is also available within your portfolio on the Yieldstreet platform.

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