Carador Income Fund PLC Final Redemption of Repurch Pool Shares &Delisting (6008S)

TIDMCIFU TIDMCIFR

RNS Number : 6008S

Carador Income Fund PLC

10 July 2020

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM OR IRELAND), CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

10 July 2020

Carador Income Fund plc (the "Company")

Final Compulsory Redemption of Repurchase Pool Shares and De-listing

This announcement contains inside information

Further to the approval given by the Company's Shareholders to enable compulsory redemptions of the Repurchase Pool Shares (as described in the Prospectus dated 11 October 2017), the Company today announces that it will return c. US$ 513,923 by way of a final compulsory redemption of 3,635,788 Repurchase Pool Shares (the "Thirteenth Redemption") on 16 July 2020 (the "Redemption Date"), resulting in the redemption of all of the remaining Repurchase Pool Shares.

The Thirteenth Redemption will be effected at US$ 0.1414 per Repurchase Pool Share, being the NAV per Repurchase Pool Share as at 30 June 2020. The Thirteenth Redemption will be the final redemption of the Repurchase Pool Shares and all existing Repurchase Pool Shares will be redeemed.

Following the compulsory final redemption, the Redemption Pool Shares will be de-listed. A timetable for the final redemption and de-list has been set out below:

Expected timetable for the compulsory final redemption:

 
 Redemption Record Date                              16 July 2020 
 Redemption Date                                     16 July 2020 
 Expected cancellation of listing                    8:00am on 17 July 
                                                      2020 
 Redemption monies paid to uncertificated holdings   24 July 2020 
  and certificated holdings 
 

Capitalised terms used but not defined in this announcement shall bear the meanings ascribed to them in the Prospectus dated 11 October 2017.

Enquiries:

 
Jessica Mayer                               Tel: [phone] 
 GSO / Blackstone 
 Investor Relations and Client Service 
Scott Simpson                               Tel: [phone] 
 Bradwell Limited 
 Company Secretary 
James Maxwell/ Ben Farrow/ Carlo Spingardi  Tel: [phone] 
 N+1 Singer 
 

IMPORTANT INFORMATION

This announcement has been prepared by, and is the sole responsibility of, the directors of the Company.

Nplus1 Singer Advisory LLP ("N+1 Singer") is acting only for the Company in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of N+1 Singer or advice to any other person in relation to the matters contained herein.

This announcement should not be taken as an inducement to engage in any investment activity and is for the purpose of providing information about the Company. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any share in the Company or securities in any other entity, in any jurisdiction, including the United States, any member state of the European Economic Area (other than the United Kingdom or Ireland), Canada, Japan or South Africa 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.

This announcement, and the information contained therein, is not for viewing, release, distribution or publication in or into the United States, any member state of the European Economic Area (other than the United Kingdom or Ireland), Canada, Japan, South Africa or any other jurisdiction where applicable laws prohibit its release, distribution or publication, and will not be made available to any national, resident or citizen of the United States, any member state of the European Economic Area (other than the United Kingdom or Ireland), Canada, Japan or South Africa.

The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes must inform themselves about, and observe, any such restrictions. Any failure to comply with the restrictions may constitute a violation of the federal securities law of the United States and the laws of other jurisdictions.

The shares issued and to be issued by the Company (the "Shares") have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States. The Shares may not be offered, sold, resold, pledged, delivered, distributed or otherwise transferred, directly or indirectly, into or within the United States, or to, or for the account or benefit of, US persons (as defined in Regulation S under the Securities Act). No public offering of the Shares is being made in the United States.

The Company has not been and will not be registered under the US Investment Company Act of 1940, as amended (the "Investment Company Act") and, as such, holders of the Shares will not be entitled to the benefits of the Investment Company Act. No offer, sale, resale, pledge, delivery, distribution or transfer of the Shares may be made except under circumstances that will not result in the Company being required to register as an investment company under the Investment Company Act. Neither the U.S. Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of the Shares or passed upon or endorsed the merits of the offering of the Shares or the adequacy or accuracy of the Prospectus. Any representation to the contrary is a criminal offence in the United States. In addition, the Shares are subject to restrictions on transferability and resale in certain jurisdictions and may not be transferred or resold except as permitted under applicable securities laws and regulations. Investors may be required to bear the financial risks of their investment in the Shares for an indefinite period of time. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdictions.

This announcement may include "forward-looking statements". All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, investment strategy, plans and objectives are forward-looking statements.

Forward-looking statements are subject to risks and uncertainties and accordingly the Company's actual future financial results and performance may differ materially from the results and performance expressed in, or implied by, the statements. These forward-looking statements speak only as at the date of this announcement. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect actual results or any change in the assumptions, conditions or circumstances on which any such statements are based unless required to do so by the Financial Services and Markets Act 2000, the Prospectus Rules of the Financial Conduct Authority or other applicable laws, regulations or rules.

The Company is an investment company with variable capital incorporated under the laws of Ireland and authorised by the Central Bank of Ireland as a professional investor fund. A copy of the Company's prospectus and key information document may be obtained from the website of the Company at www.carador.co.uk .

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 [e-mail] or visit www.rns.com.

END

FUREAPXNEEPEEFA

(END) Dow Jones Newswires

July 10, 2020 02:00 ET (06:00 GMT)