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Creditor Interest Update - clarification

Thu, 9th Feb 2017 18:15

RNS Number : 5463W
Highbridge Multi-Strategy Fd Ltd £
09 February 2017

HIGHBRIDGE MULTI-STRATEGY FUND LIMITED (the "Company")

Further to the announcement released at 3.49 p.m. on 9 February, 2017 under RNS number 5359W the Company would like to clarify that the below information was calculated using confirmed investment data as at 30 December, 2016 and, as such, the unaudited estimated residual payment due did not take into account any payments made to creditors after 30 December, 2016.

The full text of the announcement is extracted below.

---------------------------------------------------------- start of extract -------------------------------------------------------

At the request of shareholders and the Board, the Administrator has prepared the below table providing further information about the approximate asset exposure of those former shareholders who participated in the cash exit opportunity in February 2016 ("Cash Exit Creditors") and those former shareholders who participated in the tender offer in October 2016 ("Tender Creditors"), all of whom remain creditors of the Company.

Cash Exit Creditors

Cash

3%

AllBlue Limited and AllBlue Leveraged Feeder Limited

4%

Distributed

93%

Tender Creditors

Cash

4%

AllBlue Limited and AllBlue Leveraged Feeder Limited

4%

Highbridge Capital Corporation

92%

Distributed

0%

Including information received by the Company from AllBlue Limited and AllBlue Leveraged Feeder Limited as to the residual value of their own creditor interests, the Company's Administrator has calculated the unaudited estimated residual payment due to the Cash Exit Creditors and Tender Creditors to be as follows:

Sterling Class

US$ Class

Cash Exit Creditors - per Share

GBP 0.1392

USD 0.1317

Tender Creditors - per Share

GBP 2.1129

The above values have been calculated using information which, whilst being received from a reliable source, is itself estimated, and are included purely to provide an indication of the potential redemption and / or tender proceeds, as applicable, yet to be paid to each of the Cash Exit Creditors and Tender Creditors. The actual proceeds that will be paid to creditors may differ materially from the amounts indicated above.

---------------------------------------------------------end of extract -----------------------------------------------------------

For further information about this announcement contact:

JTC Fund Solutions (Guernsey) Limited, Secretary

Tel: 01481 702 400

Tim Mitchell, J.P. Morgan Asset Management (UK), Investor Relations

Tel: 0207 742 8879

This announcement contains inside information.

E&OE - in transmission

This information is provided by RNS
The company news service from the London Stock Exchange
END
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