Sign In
16 Sep 2020 17:43
16 September 2020
HIGHBRIDGE TACTICAL CREDIT FUND LIMITED
(the "Company")
Revision to previously published Net Asset Values (NAVs)
Further to the announcements made on 28 August 2020 (RNS: 5171X) and 4 September 2020 (RNS: 0104Y) the independent review of the final NAV published for 30 June 2020 and subsequent NAV estimates has now been completed. During the review, administrative errors in the calculation in the below stated NAVs were identified. The costs of the independent review exercise will be borne by the Company's Administrator, not by the Company.
The revised NAVs are confirmed in accordance with the table below:
NAV Date | Type | Originally published NAV per share | Original publication date | Independently confirmed NAV per share | Variance to original NAV |
30/06/2020 | Final Price | £2.2561 | 29/7/20 RNS 5104U | £2.2587 | +0.12% |
10/07/2020 | Estimated Price | £2.2751 | 16/7/20 RNS 2612T | £2.2777 | +0.11% |
17/07/2020 | Estimated Price | £2.2887 | 21/7/20 RNS 6694T | £2.2913 | +0.11% |
24/07/2020 | Estimated Price | £2.3032 | 29/7/20 RNS 5213U | £2.3057 | +0.11% |
31/07/2020 | Estimated Price | £2.3103 | 7/8/20 RNS 5539V | £2.3116 | +0.06% |
07/08/2020 | Estimated Price | £2.3287 | 13/8/20 RNS 0868W | £2.3300 | +0.06% |
14/8/2020 | Estimated Price | £2.3496 | 20/8/20 RNS 7517W | £2.3509 | +0.06% |
21/08/2020 | Estimated Price | £2.4188 | 28/8/20 RNS 5178X | £2.3534 | -2.70% |
31/7/2020 | Final Price | £2.3783 | 28/8/20 RNS 5188X | £2.3130 | -2.75% |
Now that the independent NAV review has been completed, the normal cycle of publishing weekly estimates and a monthly final will recommence, with the publication of the delayed 28 August, 4 September and 11 September weekly estimates being published as soon as practically possible.
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
Follow the stocks
