Chenavari Toro Income Fund Limited Proposed Annual Tender Offer - Updated (2869J)
December 04 2018 - 1:00AM
UK Regulatory
TIDMTORO
RNS Number : 2869J
Chenavari Toro Income Fund Limited
04 December 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO OR WITHIN
THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART
OF ANY OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO
SUBSCRIBE OR PURCHASE, ANY INVESTMENTS IN ANY JURISDICTION.
THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION
CHENAVARI TORO INCOME FUND LIMITED (the "Company")
04 December 2018
Proposed annual tender offer with potential sale of shares out
of treasury - updated presentation posted on Company's website
Further to the announcement released on 22(nd) November 2018
regarding the proposed annual tender offer with potential sale of
shares out of treasury, the Company has released an updated
presentation on its website
(https://www.chenavaritoroincomefund.com/company-documentation/),
highlighting the merit of the annual transaction for the Company
shareholders and other investors.
The Board strongly believes that these actions will help to
address the liquidity issue and the persistent discount to net
asset value at which the Company has been trading.
Enquiries:
Chenavari Investment Managers: Guy Goyard - 020 7245 4672,
Kirstie Sumarno - 020 7259 3600
J.P. Morgan Cazenove: William Simmonds - 020 7742 4000
This announcement is not an offer to sell or a solicitation of
any offer to buy the securities of Chenavari Toro Income Fund
Limited (the "Company") in the United States, Australia, Canada,
Japan, or in any other jurisdiction where such offer or sale would
be unlawful.
This communication is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This communication is not an offer of securities for sale into the
United States. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States,
except pursuant to an applicable exemption from registration. No
public offering of securities is being made in the United
States.
The information contained in this announcement is given at the
date of its publication (unless otherwise marked) and is subject to
updating, revision and amendment. In particular, the proposals
referred to herein are tentative and are subject to material
updating, revision and amendment. No reliance may be placed for any
purpose whatsoever on the information or opinions contained in this
announcement or on its completeness, accuracy or fairness.
The information in this announcement may include forward-looking
statements, which are based on the current expectations and
projections about future events and in certain cases can be
identified by the use of terms such as "may", "will", "should",
"expect", "anticipate", "project", "estimate", "intend",
"continue", "target", "believe" (or the negatives thereon) or other
variations thereon or comparable terminology. These forward-looking
statements, as well as those included in any related materials, are
subject to risks, uncertainties and assumptions about the Company,
including, among other things, the development of its business,
trends in its operating industry, and future capital expenditures
and acquisitions. In light of these risks, uncertainties and
assumptions, the events in the forward-looking statements may not
occur. Each of the Company its affiliates and their respective
officers, employees and agents expressly disclaim any and all
liability which may be based on this announcement and any errors
therein or omissions therefrom.
This announcement does not constitute or form part of, and
should not be construed as, any offer or invitation or inducement
for sale, transfer or subscription of, or any solicitation of any
offer or invitation to buy or subscribe for or to underwrite, any
share in the Company or to engage in investment activity (as
defined by the Financial Services and Markets Act 2000) in any
jurisdiction nor shall it, or any part of it, or the fact of its
distribution form the basis of, or be relied on in connection with,
any contract or investment decision whatsoever, in any
jurisdiction.
J.P. Morgan Cazenove is authorised and regulated in the United
Kingdom by the Financial Conduct Authority. J.P. Morgan Cazenove is
acting as Corporate Broker to the Company and no one else in
connection with the proposals described in this announcement, and
will not be responsible to anyone other than the Company for
providing the protections afforded to clients of J.P. Morgan
Cazenove or for affording advice in relation to any transaction or
arrangement referred to in this announcement. This announcement
does not constitute any form of financial opinion or recommendation
on the part of J.P. Morgan Cazenove or any of its affiliates and is
not intended to be an offer, or the solicitation of any offer, to
buy or sell any securities.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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