Estimated Creditors Interest

RNS Number : 2078W

Highbridge Multi-Strategy Fd Ltd £

30 July 2018

 

HIGHBRIDGE MULTI-STRATEGY FUND LIMITED (the "Company")

At the request of shareholders and the Board, the Administrator has prepared the below table as at 29 June 2018, 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	1%
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 0.0728	USD 0.0706
Tender Creditors - per Share**	GBP 0.0597

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.   

** Subsequent to the valuation point (29 June 2018) the Company distributed £0.06214 per GBP cash Exit share, $0.05963 per USD Cash Exit share and £0.0489 per GBP Tender share.

For further information about this announcement contact:

JTC Fund Solutions (Guernsey) Limited, Secretary

Tel:  [phone]

Katie Standley, J.P. Morgan Asset Management (UK)

Tel: [phone]

This announcement contains inside information.

E&OE - in transmission

 

END

 

 

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