Highbridge Multi-Strategy Fd Ltd £ Confirmation of AllBlue Proceeds Received (7771E)
May 10 2017 - 10:40AM
UK Regulatory
TIDMHMSF
RNS Number : 7771E
Highbridge Multi-Strategy Fd Ltd £
10 May 2017
HIGHBRIDGE MULTI-STRATEGY FUND LIMITED (the "Company")
Confirmation of AllBlue Proceeds Received
The Board of the Company is pleased to announce that the Company
has received a further GBP244,793.44 and US$15,921.59 (the
"Proceeds") from AllBlue Limited and AllBlue Leveraged Feeder
Limited.
Following receipt of the Proceeds, the Company's outstanding
creditor interests in AllBlue Limited and AllBlue Leveraged Feeder
Limited represent approximately 2% of the Compan y's net assets,
based on the most recent net asset valuation as at 5 May, 2017.
The portion of the Proceeds on a per share basis attributable to
those former shareholders who participated in the cash exit
opportunity in February 2016 ("Cash Exit Creditors") and those
former shareholders who participated in the tender offer in October
2016 ("Tender Creditors"), who all remain creditors of the Company,
are as set out below:
GBP Class USD Class
Cash Exit Creditors -
per Share GBP0.0006 $0.0007
Tender Creditors - per GBP0.0006 -
Share
The Board of the Company has decided not to make any further
payments of monies received from AllBlue Limited and AllBlue
Leveraged Feeder Limited until the Company has received all
redemption proceeds due from those investments, in order to avoid
an undue administrative burden and excessive costs, including bank
charges payable by each recipient of such payments.
Final payments to Cash Exit Creditors and Tender Creditors and
subscriptions into HCC will take place once all proceeds have been
received from the Company's investments in AllBlue and AllBlue
Leveraged Feeder Limited.
For further information about this announcement contact:
JTC Fund Solutions (Guernsey) Limited, Secretary
Tel: 01481 702 400
J.P. Morgan Asset Management (UK), Investor Relations
Tel: 0207 742 3408
END OF ANNOUNCEMENT
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