Cash Received Update

RNS Number : 0549B

Highbridge Multi-Strategy Fd Ltd £

30 March 2017

 

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 a further £2,443,282.99 and US$131,711.80 (the "Proceeds") from AllBlue Limited and AllBlue Leveraged Feeder Limited.

Following receipt of the Proceeds, the Company's outstanding creditor interests in AllBlue Limited and AllBlue Leveraged Feeder Limited represent approximately 2% of the Compan y's net assets, based on the most recent net asset valuation as at 24 March, 2017.

The portion of 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	£0.0064	$0.0059
Tender Creditors - per Share	£0.0065	-

The Board of the Company has decided not to make any further payments of monies received from AllBlue Limited and AllBlue Leveraged Feeder Limited until the Company has received all redemption proceeds due from those investments, in order to avoid an undue administrative burden and excessive costs, including bank charges payable by each recipient of such payments.

Final payments to Cash Exit Creditors and Tender Creditors and subscriptions into HCC will take place once all proceeds have been received from the Company's investments in AllBlue and AllBlue Leveraged Feeder Limited.  

For further information about this announcement contact:

JTC Fund Solutions (Guernsey) Limited, Secretary

Tel:  [phone]

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

Tel: [phone]

END OF ANNOUNCEMENT

E&OE - in transmission

 

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