BH Macro Limited - Timetable for Share Conversions and update on Class Closure Resolutions
December 13 2024 - 3:35AM
UK Regulatory
BH Macro Limited - Timetable for Share
Conversions and update on Class Closure Resolutions
PR Newswire
LONDON, United Kingdom, December 13
BH
Macro Limited (the "Company")
(a
closed-ended collective investment scheme established as a company
with limited liability under the laws of Guernsey with registered
number 46235)
LEI:
549300ZOFF0Z2CM87C29
Timetable
for Share Conversions and update on Class Closure
Resolutions
13 December 2024
The Company
announces that, for operational reasons, the deadline for receipt
of share conversion requests for the December 2024 share conversion date has been
brought forward to midday
(GMT)
on 30
December 2024.
Class Closure
Resolutions ("CCRs") are likely to be triggered in respect of both
the Company's Sterling and US dollar share classes following the
announcement of the final month-end net asset values for
31 December 2024. If either or both
of the CCRs are triggered, the Company will suspend the ability for
shareholders to convert shares from one class to another class for
the duration of the CCR process, starting with and including the
January 2025 conversion
date.
Shareholders
are reminded that, in accordance with the Company's articles of
incorporation, CCRs would be triggered for the year ended
31 December 2024 in respect of either
class of the Company's shares if the average daily closing market
price of the relevant class of shares during 2024 was 8 per cent.
or more below the average net asset value per share of such class
taken over the 12 month-end NAV calculation dates occurring in
2024.
Should CCRs
be triggered in respect of either or both classes of the Company's
shares, a further announcement will be made in due
course.
Company
website: www.bhmacro.com
Enquiries:
The Company
Secretary
Northern
Trust International Fund Administration Services (Guernsey)
Limited
Tel: +44
(0) 1481 745001
Manager
Brevan Howard
Capital Management LP
Email:
bhmacro.ir@brevanhoward.com
Corporate
Broker
J.P. Morgan
Cazenove
William Simmonds / Rupert Budge
Tel: +44
(0)20 3493 8000
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