Share Name Share Symbol Market Type Share ISIN Share Description
Highbridge Multi-strategy Fund Limited LSE:HMSF London Ordinary Share GB00B13YVW48 ORD NPV GBP
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 207.00p 207.00p 209.00p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -5.2 -5.1 - 218

Highbridge Multi-Strategy Fd Ltd £ Company Update

08/07/2019 7:00am

UK Regulatory (RNS & others)


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RNS Number : 7075E

Highbridge Multi-Strategy Fd Ltd £

08 July 2019

8 July 2019

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EC NO. 596/2014) ("MAR")

HIGHBRIDGE MULTI-STRATEGY FUND LIMITED

(the "Company")

Company Update

Further to the Company's announcements on 17 and 25 June 2019, the Board announces that, having completed its review of the options available to the Company and consulted with the Company's major shareholders, it intends to convene an extraordinary general meeting ("EGM") to seek shareholder approval to change the Company's investment policy (the "Proposals").

Should the change to the investment policy be approved, it is intended that the Company will, net of the cash exit opportunity described below, invest in the Tactical Credit Fund ("TCF") managed by Highbridge Capital Management LLC ("HCM"), as per the opportunity outlined by HCM in its letter dated 17 June 2019 and published by the Company.

TCF is a multi-strategy credit fund that seeks to generate return from relative value and idiosyncratic opportunities. TCF, which launched in November 2013, invests in six credit focused sub-strategies - Mid-Cap Convertible Credit, European Convertible Credit, Capital Structure Arbitrage, Event Credit, Income Investments and Distressed Credit & Reorganized Equities.

The Proposals will also provide the Company's shareholders with an opportunity to receive a full or partial cash exit, at shareholders' election.

Full details of the Proposals will be set out in a circular to shareholders (the "Circular"). It is currently expected that the Circular and Notice of EGM will be posted to shareholders in late July 2019, and that the EGM will be held by no later than 14 August 2019.

A further announcement in relation to the Proposals will be made in due course.

Enquiries:

 
 Peel Hunt LLP              020 7418 8900 
 Luke Simpson / Liz Yong 
 

LEI: 213800397SYHLYFH5961

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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