Receipt of Redemption Proceeds

RNS Number : 2878X

Highbridge Multi-Strategy Fd Ltd £

04 May 2016

 

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

RECEIPT OF REDEMPTION PROCEEDS

The Board of the Company is pleased to announce that it has now received from AllBlue Limited and AllBlue Leveraged Feeder Limited a further tranche of redemption monies in the sum of approximately £24 million and $1 million.  This equates to an amount of £0.06 per redeemed Sterling Share and $0.02 per redeemed US Dollar Share (net of relevant expenses) to those former shareholders who participated in the cash exit offer and had their shares redeemed on 26 February 2016 and an amount of £0.06 per share (net of relevant expenses) to be invested into the Sterling class of Highbridge Capital Corporation, a limited liability company through which the Company invests in Highbridge Multi-Strategy Fund.

The Company has received a total of approximately £564 million and $35 million from AllBlue and AllBlue Leveraged (the "AllBlue Funds"), representing approximately 80% of the value of the Company's investment in the Sterling classes of the AllBlue Funds and approximately 81% of the value of its investment in the US$ classes of the AllBlue Funds.  To date, £1.54 per Sterling Share and $1.51 per US Dollar Share have been distributed to former shareholders who participated in the cash exit offer.

The Board expects to make a further announcement on 6 May 2016 detailing the confirmed amounts being distributed to redeemed Sterling and US Dollar shareholders and the timescale for payment.

Further distributions, and subscriptions into Highbridge Capital Corporation, will take place as advised in the Circular once proceeds are received from the Company's investments in AllBlue and AllBlue Leveraged. 

For further information about this announcement please contact:

JTC (Guernsey) Limited

Secretary

Tel: [phone]

END OF ANNOUNCEMENT

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