Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2017-05-15 | Jon Tomasson, September 20, 1958, Trustee (Class III), Since 2017, CEO of Vinland Capital Investments, LLC. Trustee and Executive Officer Compensation: N/A (did not serve in 2016). Committees: Audit Committee, Nominating Committee, Committee of Continuing Trustees. |
| 2019-05-13 | Jon Tomasson, September 20, 1958, Trustee (Class III), Since 2017, member of Audit Committee and Nominating Committee, $26,000 compensation from Fund for fiscal year ended December 31, 2018. |
| 2020-05-11 | Jon Tomasson, September 20, 1958, Trustee (Class III), Since 2017, Mr. Tomasson serves as Chief Executive Officer of Vinland Capital Investments, LLC and Chief Investment Officer of NRE Capital Partners LLC. Compensation Table shows $29,375 aggregate compensation from Fund. |
| 2024-12-11 | Jon Tomasson Sept. 20, 1958 Trustee Since 2017 Mr. Tomasson serves as Chief Executive Officer of Vinland Capital Investments, LLC (since 2002), a real estate investment company that he founded, and Chief Investment Officer of NRE Capital Partners LLC (since 2019), a private real estate lending company. Prior to starting Vinland, Mr. Tomasson was a principal with Cardinal Capital Partners, a leading investor in single-tenantnet-leased property, and served as a Vice President at Citigroup in the Global Real Estate Equity and Structured Finance group, part of the Real Estate Investment Bank, with both transactional and various management responsibilities. The Board has an Audit Committee, comprised of all of the Independent Trustees. The Audit Committee is also responsible for recommending the selection, retention, or termination of the IRPAF and to review any other relevant matter to seek to provide integrity and accuracy in the Fund’s financial reporting. The Audit Committee met two times during the fiscal year ended December 31, 2023. The Board also has a Nominating Committee, comprised of all the Independent Trustees. The Nominating Committee did not meet during the fiscal year ended December 31, 2023. The Board also has a Governance Committee, comprised of all the Independent Trustees. The Governance Committee met three times during the fiscal year ended December 31, 2023. The Committee of Continuing Trustees is currently comprised of Messrs. Atkinson, Werner, Tomasson, William Winmill, and Thomas Winmill. The Committee of Continuing Trustees did not meet during the fiscal year ended December 31, 2023. The table below sets forth information regarding compensation paid by the Fund to the Trustees for the fiscal year ended December 31, 2023. Only the Independent Trustees are compensated by the Fund for their services as such; the Interested Trustees do not receive compensation or any other form of remuneration from the Fund and instead may be compensated by the Investment Manager. The basis of compensation for the Independent Trustees is a quarterly retainer of $1,700, a fee of $6,875 for each quarterly Board meeting attended, $500 for each special meeting attended, $500 for each committee meeting attended, an additional $500 for each committee meeting attended by the chair of such committee, and $2,000 for each shareholders’ meeting attended. Each Independent Trustee is also reimbursed for reasonable travel and out-of-pocket expenses associated with attending such meetings. The Fund currently has no bonus, profit sharing, pension, or retirement plan. Jon Tomasson $34,975 $49,125 |
Data sourced from SEC filings. Last updated: 2026-03-09