Redemption Proceeds

RNS Number : 0454D

Highbridge Multi-Strategy Fd Ltd £

01 July 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 £3.8 million and $207,000. As this equates to an amount of only £0.01 per redeemed Sterling Share and $0.01 per redeemed US Dollar Share to those former shareholders who participated in the cash exit offer and had their shares redeemed on 26 February 2016, the Company has decided to defer any distribution pending receipt of further redemption monies, to avoid undue administrative cost and burden.   For those continuing shareholders, an amount of £0.01 per share will 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 £584 million and $36 million from AllBlue and AllBlue Leveraged (the "AllBlue Funds"), representing approximately 82% of the value of the Company's investment in the Sterling classes of the AllBlue Funds and approximately 84% of the value of its investment in the US$ classes of the AllBlue Funds.  To date, £1.65 per Sterling Share and $1.58 per US Dollar Share have been distributed to former shareholders who participated in the cash exit offer.

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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