Net Asset Value(s)

RNS Number : 7225B

Highbridge Multi-Strategy Fd Ltd £

24 September 2018

 

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

Monthly Confirmed Net Asset Value

The Company announces the unaudited net asset value ("NAV") of an Ordinary Share (a "Share") in the capital of the Company as at 31 August 2018:

Shares	NAV
Ordinary  Shares                     ISIN: GB00B13YVW48	GBP 2.2415

The Company also announces cumulative performance as at the Valuation Point:

	Month on Month	Year to Date
Company NAV Performance	0.53%	2.04%

At the request of shareholders and the Board, the Administrator has prepared the below table providing further information about the approximate asset exposure of the Company:

. 

Cash	2%
1992 Multi-Strategy Fund Corporation (the legal name of Highbridge's multi-strategy fund)	97%
AllBlue Limited and AllBlue Leveraged Feeder Limited	1%

The liquidators of AllBlue Limited ("AB") and AllBlue Leveraged Feeder Limited ("ABL") have informed the Company that they will no longer provide net asset values for AB and ABL, save for the audited financial statements as at 31 July 2018 expected to be produced in November 2018. The latest AB and ABL net asset values provided to the Company with the valuation point of 30 June 2018 have been used to prepare this valuation, net of any subsequent distributions from AB and ABL received by the Company. The AB and ABL holdings represent significantly less than one per cent of the Company's NAV.

Following this notification that no further monthly AB and ABL net asset values will be received by the Company, the Board has decided that no further monthly creditor interest update announcements will be released until further notice.

Note: Your attention is drawn to the Company's announcement of the results of its extraordinary general meetings held on 24 February and 21 October, 2016 and all subsequent announcements concerning the redemption and repurchase of shares and change of investment policy. Investors should be aware that the amount payable on a return of capital, whether on a winding-up of the Company or otherwise, may differ materially from this valuation.  Further information for creditors of the Company who participated in the cash exit and / or the tender offer is announced separately.

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]

E&OE - in transmission

 

END

 

 

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