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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 207.00 | 207.00 | 209.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHTCF
RNS Number : 3455P
Highbridge Tactical Credit Fund Ltd
09 October 2019
09 October 2019
HIGHBRIDGE TACTICAL CREDIT FUND LIMITED
(the "Company")
Receipt of HCC Proceeds and temporary cessation of Weekly Estimated Net Asset Value
The Board of the Company is pleased to announce that the Company has received GBP127,089,563 (the "HCC Proceeds") in connection with the partial redemption of the Company's holding in Highbridge Multi-Strategy Fund Corporation ("HCC"), made as a result of the Initial Cash Exit Offer and Subsequent Cash Exit Offer. This amount represents approximately 75% of the assets of the Highbridge Multi-Strategy Master Fund, L.P. (into which HCC invested substantially all of its investable assets) attributable to former shareholders of the Company who redeemed their Shares pursuant to the Initial Cash Exit Offer and/or the Subsequent Cash Exit Offer ("2019 Cash Exit Offers"). An announcement concerning the amount to be paid to each former shareholder who redeemed under the 2019 Cash Exit Offers will be made later this week.
In addition, due to the transition of the Company's investments from HCC to the 1992 Tactical Credit Fund, Ltd., the Company announces that the next estimated unaudited Net Asset Value ("NAV") per Ordinary Share to be published will be calculated as at 30 September 2019. This is expected to be before the end of October. In the intervening period the publication of a weekly estimated unaudited NAV will temporarily cease, to be resumed following the publication of the estimated unaudited NAV as at 30 September 2019.
Terms used and not defined in this announcement will bear the meanings given in the circular dated 28 August 2019.
Enquiries:
Praxis Fund Services Limited
Company Secretary
Tel: +44 (0) 1481 737 600
Katie Standley, J.P. Morgan Asset Management (UK)
Tel: 0207 134 6220
LEI: 213800397SYHLYFH5961
E&OE - in transmission
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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(END) Dow Jones Newswires
October 09, 2019 10:35 ET (14:35 GMT)
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