Return of Capital

RNS Number : 6530U

Highbridge Tactical Credit Fund Ltd

29 March 2023

 

HIGHBRIDGE TACTICAL CREDIT FUND LIMITED

(the "Company")
Registration No. 44704

Registered Office:
1 ROYAL PLAZA, ROYAL AVENUE, ST PETER PORT,
GUERNSEY GY1 2HL

29 March 2023

RETURN OF CAPITAL TO SHAREHOLDERS

The Company today announces that it will return £2,712,911.99 (equivalent to £2.6368 per share) on 17 April 2023 (the "Redemption Date") by way of a compulsory partial redemption of ordinary shares of NPV ("Shares") ( the "Redemption").

The Redemption will be effected at £2.6368, being the NAV per Share as at 30 December 2022 and pro rata to holdings of Shares on the register at the close of business on the Redemption Record Date, being 17 April 2023. As at today's date, the Company has 1,084,073 Shares in issue of which nil are held in treasury. On this basis approximately 95 percent. of each registered shareholding would be redeemed on the Redemption Date.

Fractions of shares will not be redeemed and so the number of shares to be redeemed for each shareholder will be rounded down to the nearest whole number of shares.

All shares that are redeemed will be cancelled with effect from the relevant Redemption Date.  

The Shares will all be disabled in CREST after close of business on the Redemption Date and the existing ISIN number GG00BMF0J347 (the "Old ISIN") will expire.

The new ISIN number GG00BNW1QK33 (the "New ISIN") in respect of the remaining Shares which have not been redeemed will be enabled and available for transactions from and including 18 April 2023.

Up to and including the Redemption Date, Shares will be traded under the Old ISIN and as such, a purchaser of such Shares would have a market claim for a proportion of the redemption proceeds. CREST will automatically transform any open transactions as at the Redemption Date into the New ISIN.

Voting Rights as at 18 April 2023

A further announcement will be made confirming the remaining number of Shares in issue and the total voting rights in the Company once the redemption has been confirmed by the Registrar.

Expected timetable for redemption:

Posting of redemption notice    29/03/2023

Record Date, Redemption Date and expiry of old ISIN number   17/04/2023

New ISIN number enabled   18/04/2023

Redemption monies paid to uncertificated holdings and    25/04/2023

certificated holdings 

LEI: 213800397SYHLYFH5961

Enquiries:

Company Registrar

JTC Group

Office: [phone]

Company Secretary and Administrator

Sanne Fund Services (Guernsey) Limited

Office: [phone]

Broker

finnCap

DDI: [phone]

 

END

 

 

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