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8 Dec 2016 11:13
HIGHBRIDGE MULTI-STRATEGY FUND LIMITED (the "Company")
Confirmation of AllBlue Proceeds Received and Subscription into Highbridge
The Board of the Company is pleased to announce that the Company has received £8,283,393.89 and USD 455,085.28 from AllBlue Limited and AllBlue Leveraged Feeder Limited, of which £3,875,000.00 was invested into Highbridge Capital Corporation as of 1 December, 2016.
As at 2 December, 2016, being the date of the most recent net asset valuation, the Company's outstanding creditor interest in AllBlue Limited and AllBlue Leveraged Feeder Limited represented approximately 5% of the Company's net assets.
The proceeds on a per share basis attributable to 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"), who all remain creditors of the Company, are as set out below:
GBP Class | USD Class | |
Cash Exit Creditors - per Share | £0.0217 | $0.0205 |
Tender Creditors - per Share | £0.0220 | - |
The Board of the Company has decided to defer any payments of the above monies pending receipt of further redemption proceeds, to avoid an undue administrative burden and excessive costs, including bank charges payable by each recipient of such payments.
Further payments to Cash Exit Creditors and Tender Creditors and subscriptions into HCC will take place once further proceeds are received from the Company's investments in AllBlue Limited and AllBlue Leveraged Feeder Limited.
For further information about this announcement contact:
JTC (Guernsey) Limited, Secretary
Tel: 01481 702 400
J.P. Morgan Asset Management (UK): Investor Relations
Tel: 0207 742 3408
END OF ANNOUNCEMENT
E&OE - in transmission
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