Highbridge Multi-Strategy Fd Ltd £ Cash Received Update (4224L)
September 30 2016 - 12:01PM
UK Regulatory
TIDMHMSF
RNS Number : 4224L
Highbridge Multi-Strategy Fd Ltd £
30 September 2016
HIGHBRIDGE MULTI-STRATEGY FUND LIMITED (THE 'COMPANY')
CASH RECEIVED UPDATE
The Board of the Company is pleased to announce that it has now
received from AllBlue Limited and AllBlue Leveraged Feeder Limited
a further tranche of redemption monies in the sum of approximately
GBP32 million and $1.7 million. The Company has made a subscription
for the continuing proceeds of approximately GBP11 million and will
make a further announcement in due course detailing any
distributions to be made to cash exit shareholders.
The Company has received a total of approximately GBP661 million
and $40 million from AllBlue and AllBlue Leveraged (the "AllBlue
Funds"), representing approximately 93% of the value of the
Company's investment in the Sterling classes of the AllBlue Funds
and approximately 94% of the value of its investment in the US$
classes of the AllBlue Funds. To date, GBP1.76 per Sterling Share
and $1.68 per US Dollar Share have been distributed to former
shareholders who participated in the cash exit offer.
Further distributions, and subscriptions into Highbridge Capital
Corporation, will take place as advised in the Circular once
proceeds are received from the Company's investments in AllBlue and
AllBlue Leveraged. For further information about this announcement
contact:
JTC (Guernsey) Limited Tel: +44 (0) 1481
Secretary 702 400
E&OE - in transmission
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRLMMRTMBMJBMF
(END) Dow Jones Newswires
September 30, 2016 13:01 ET (17:01 GMT)
Highbridge Multi-strategy (LSE:HMSF)
Historical Stock Chart
From Mar 2024 to Apr 2024
Highbridge Multi-strategy (LSE:HMSF)
Historical Stock Chart
From Apr 2023 to Apr 2024
Real-Time news about Highbridge Multi-strategy Fund Limited (London Stock Exchange): 0 recent articles
More Highbridge GBP News Articles