MCI Income Fund VII, LLC

Footnotes (6) and (7) to the cover-page price table describe amounts payable 'if we sell half of the maximum offering amount' rows, but the cover table contains only four rows (per-bond and full-maximum for each class) with footnote callouts (1) through (5) — there is no half-of-maximum row for footnotes (6) and (7) to annotate.

“(6) The table above shows amounts payable to our managing broker-dealer if we sell half of the maximum offering amount comprised solely of Class A Bonds. (7) The table above shows amounts payable to our managing broker-dealer if we sell half of the maximum offering amount comprised solely of Class B Bonds.”

The track-record paragraph describing the MCI PIFV-A offering closes by stating 'The offering for MIC PIFIV is ongoing' — pointing to the wrong fund (PIFIV, described in an earlier paragraph) instead of PIFV-A, a copy-paste carryover error.

“MCI PIFV-A commenced an offering of up to $50 million of preferred equity membership interests pursuant to a private placement memorandum on September 1, 2022. The offering for MIC PIFIV is ongoing.”

In the Sponsor track record, MCI Preferred Income Fund VI, LLC is assigned the short-form defined term 'MCI VII' — the wrong roman numeral (and the same numeral as the issuer itself, MCI Income Fund VII), creating ambiguity about which fund is which.

“MCI Preferred Income Fund V-A, LLC, or MCI V-A, and MCI Preferred Income Fund VI, LLC, or MCI VII.”

Financial-statement note states the Company's term is indefinite 'as of September 31, 2022' — a logically impossible date, since September has only 30 days.

“The Company's term is indefinite as of September 31, 2022.”