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25 Aug 2017 12:59
HIGHBRIDGE MULTI-STRATEGY FUND LIMITED (the "Company")
At the request of shareholders and the Board, the Administrator has prepared the below table as at 31 July 2017, 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 | 4% |
AllBlue Limited and AllBlue Leveraged Feeder Limited | 0% |
Distributed | 96% |
Tender Creditors | |
Cash | 2% |
AllBlue Limited and AllBlue Leveraged Feeder Limited | 1% |
1992 Multi-Strategy Fund Corporation (the legal name for Highbridge's multi-strategy fund) | 0% |
Distributed | 97% |
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 0.0712 | USD 0.0687 |
Tender Creditors - per Share | GBP 0.0580 |
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.
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
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