Exiting is deliberate and tax-aware, not instantaneous. Transitions ideally occur gradually, which helps avoid triggering a large immediate tax bill and allows previously harvested losses to offset gains as they’re realized.
You decide when to begin. BKLN manages execution by gradually reducing the long/short extension and moving the portfolio toward an unlevered, diversified core. Some investors unwind slowly to spread taxes across multiple years. Others accelerate if outside liquidity (from an IPO, business sale, or other event) gives them flexibility to absorb gains faster.
There’s no fixed timeline, but most investors should expect several years, not months. Exiting too quickly compresses the tax benefit. To preserve efficiency, exits should be managed within the strategy. Unwinding positions independently can result in unintended gain realization.
Tax outcomes vary by individual circumstances and market conditions. Consult your tax advisor when planning an exit.