Creditor Interest Update - clarification

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.

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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.   

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For further information about this announcement contact:

JTC Fund Solutions (Guernsey) Limited, Secretary

Tel:  [phone]

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

Tel: [phone]

This announcement contains inside information.

E&OE - in transmission

 

END

 

 

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