DW Catalyst Fund Ltd Discount Trigger Meeting Circular

 
TIDMDWCG TIDMDWCU 
 
DW Catalyst Fund Limited (the "Company") 
 
  (a closed-ended collective investment scheme established as a company with 
  limited liability under the laws of Guernsey with registered number 52520) 
 
               Publication of Discount Trigger Meeting Circular 
 
 
                               17 February 2017 
 
The Company announced on 9 February 2017 that the Discount Trigger Resolution 
procedure contained in the Company's Articles of Incorporation had been 
triggered in respect of the year ended 31 December 2016. 
 
The Company will today post a Circular to Shareholders convening a Discount 
Trigger Meeting at 10.30 a.m. on 9 March 2017, at which the Discount Trigger 
Resolution will be proposed. 
 
The Circular also sets out an explanation of the business to be considered at 
the Discount Trigger Meeting, and the consequences of the Discount Trigger 
Resolution being approved or rejected by Shareholders. 
 
If the Discount Trigger Resolution, which will be proposed as an ordinary 
resolution, is rejected, the Directors will take no further action and no 
Shares will be redeemed. The earliest that another Discount Trigger Resolution 
may be required to be proposed under the Articles would be in respect of the 
year ending 31 December 2017, depending on the share price performance of the 
Shares compared to the Company's NAV. 
 
If the Discount Trigger Resolution is passed, the Company must redeem all 
Shares which are voted in favour of the Discount Trigger Resolution (the " 
Redeeming Shares"). Shares which are voted against the Discount Trigger 
Resolution, or which are not voted, will not be redeemed pursuant to the 
Discount Trigger Resolution. 
 
All Redeeming Shares will be redeemed by the Company on 1 August 2017. 
 
Redeeming Shareholders will receive the Redeeming Share Redemption Proceeds in 
four quarterly instalments following each of 1 August and 1 November 2017 and 1 
February and 1 May 2018, subject to the retention of a Hold-back Amount in 
certain circumstances, as more fully described in the Circular. 
 
Expected Timetable 
 
The expected timetable for the Discount Trigger Meeting and, if the Discount 
Trigger Resolution is approved, the return of proceeds to Redeeming 
Shareholders, is set out below: 
 
Discount Trigger Meeting 
 
Latest time and date for settlement of              10.30 a.m. on 7 March 2017 
Redeeming Shares held in CREST into escrow 
 
Latest time and date for receipt of                 10.30 a.m. on 7 March 2017 
Redemption Forms 
 
Latest time and date for receipt of Forms of        10.30 a.m. on 7 March 2017 
Proxy for the Discount Trigger Meeting 
 
Discount Trigger Meeting                            10.30 a.m. on 9 March 2017 
 
Results of Discount Trigger Meeting                               9 March 2017 
announced 
 
Redemption of Redeeming Shares if the Discount Trigger Resolution is approved 
 
Redemption Date for Redeeming Shares and                         1 August 2017 
calculation date for first instalment of 
Redeeming Share Redemption Proceeds 
 
Earliest date for payment of first                          Mid-September 2017 
instalment of Redeeming Share Redemption 
Proceeds 
 
Calculation date for second instalment of                      1 November 2017 
Redeeming Share Redemption Proceeds 
 
Earliest date for payment of second                          Mid-December 2017 
instalment of Redeeming Share Redemption 
Proceeds 
 
Calculation date for third instalment of                       1 February 2018 
Redeeming Share Redemption Proceeds 
 
Earliest date for payment of third                              Mid-March 2018 
instalment of Redeeming Share Redemption 
Proceeds 
 
Calculation date for fourth instalment                              1 May 2018 
of Redeeming Share Redemption Proceeds 
 
Earliest date for payment of fourth                              Mid-June 2018 
instalment of Redeeming Share Redemption 
Proceeds, adjusted, if necessary, to 
take into account the Hold-back Amount 
(if any) 
 
Approximate date for payment of relevant                      After March 2019 
portion of the Hold-back Amount (if any) 
to Redeeming Shareholders 
 
 
Terms used and not defined in this announcement shall have the meanings given 
to them in the Circular. 
 
A copy of the circular has been submitted to the National Storage Mechanism and 
will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM and 
will also be made available on the Company's website www.dwcatalystltd.com. 
 
 
 
Enquiries: 
 
Company website:      www.dwcatalystltd.com 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Rebecca Booth 
Tel:         [phone] 
[e-mail] 
 
 
DW Partners, LP 
Laura Rose 
Tel:         [phone] 
[e-mail] 
 
 
 
 
END 
 

(END) Dow Jones Newswires

February 17, 2017 09:04 ET (14:04 GMT)