Net Asset Value(s) - Month End Final

RNS Number : 7591E

Highbridge Tactical Credit Fund Ltd

02 March 2020

 

02 March 2020

HIGHBRIDGE TACTICAL CREDIT FUND LIMITED

(the "Company")

Monthly Final 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 January 2020 (the "Valuation Point"):

Shares	NAV
Ordinary  Shares  ISIN:  GB00B13YVW48	GBP 2.1649

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

	Month on Month	Year to Date
Company NAV Performance	1.96%	1.96%

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  3.47%

Highbridge Tactical Credit Fund 84.69%

Highbridge Multi-Strategy Fund Corporation                              11.40%

AllBlue Limited and AllBlue Leveraged Feeder Limited              0.44% 

The above estimated NAV of Shares and associated performance data have been calculated using information which, whilst being received from a reliable source, is itself estimated.  This estimated NAV and the performance data are indicative only.

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. The audited financial statements as at 31 July 2018 of AB and ABL have been used to prepare this valuation, net of any subsequent distributions from AB and ABL received by the Company. The audited financial statements as at 31 July 2018 of AB and ABL 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.

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.

Enquiries:

Praxis Fund Services Limited

Company Secretary

Tel: [phone]

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

Tel: [phone]

LEI: 213800397SYHLYFH5961

E&OE - in transmission

 

END

 

 

NAVDLLFBBXLLBBQ