TORONTO – Ezra Levant’s Rebel Media has teamed up with a wealth management firm to launch a retirement saving fund geared toward Canadians who want to invest in the highly controversial and conservative online news site.
The Wells Plus 6ix Rebel Freedom Fund is run by Alberta-based Wells Asset Management.
The firm says the RRSP eligible income fund is directed at investors who “desire modest, regular, steady income,” and is advertised as having a four per cent target rate of return.
It also says the fund is suitable for investors who want to help Rebel Media expand by funding Rebel projects such as film and television-style programming, online apps, and even real estate-related projects such as studios.
Levant came under heavy criticism last year after the Rebel Media founder admitted the site’s content and management need more oversight in the wake of a string of controversies.
One reporter was fired, another founder quit and two other contributors resigned in August after the outlet came under intense criticism for its coverage of deadly riots in Virginia.
At the time, Levant also pledged greater transparency for the outlet’s finances, after two other former contributors levied a string of allegations over where Rebel Media’s largely crowdsourced budget was actually going.