Alternative Liquidity Fund Limited Notice of Return of Capital (6147I)

TIDMALF

RNS Number : 6147I

Alternative Liquidity Fund Limited

31 August 2016

ALTERNATIVE LIQUIDITY FUND LIMITED

(Registered in Guernsey - Number 60552)

Registered Office:

Sarnia House, Le Truchot,

St Peter Port, Guernsey, GY1 IGR

Telephone: [phone]

Facsimile: [phone]

31 August 2016

ALTERNATIVE LIQUIDITY FUND LIMITED

RETURN OF CAPITAL

As announced in the Company's interim report and unaudited financial statements for the period from incorporation to 31 December 2015 the Company has a cash balance of approximately US$6.0 million following underlying manager redemption payments of approximately US$2.0 million since the Company was launched.

As more fully described in the circular sent to shareholders on 20 June 2016 the Board has concluded that the most efficient way to return cash to shareholders is by issuing redeemable B Shares.

The Board today announces that it has resolved to return an amount of US$0.02 per share to shareholders, being US$2,932,887.74 in total based on the current number of shares in issue. This return of capital will be effected by way of an issue of redeemable B shares to existing shareholders pro rata to their shareholding on the record date set out below and the subsequent redemption of those B Shares.

It is expected that the timetable for the return of capital will be as follows.

 
 5 September    ex date 
  2016 
 6 September    record date for shareholders 
  2016           on the register to receive B 
                 shares 
 7 September    B shares issued to shareholders 
  2016           on the register as at the record 
                 date 
 8 September    B shares redeemed and cancelled 
  2016 
 15 September   redemption payment made through 
  2016           CREST to shareholders who hold 
                 their shares in uncertificated 
                 form 
 15 September   cheques in relation to the redemption 
  2016           payment sent to shareholders 
                 that hold their shares in certificated 
                 form 
 

All Enquiries

Tim Gardner

Morgan Creek Capital Management Europe

Tel. [phone]

Email. [e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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August 31, 2016 12:42 ET (16:42 GMT)