Notice of Return of Capital

RNS Number : 6147I

Alternative Liquidity Fund Limited

31 August 2016

 

ALTERNATIVE LIQUIDITY FUND LIMITED

(Registered in Guernsey - Number 60552)

Registered Office:

Sarnia House, Le Truchot,

St Peter Port, Guernsey, GY1 IGR

Telephone: [phone]

Facsimile: [phone]

31 August 2016

ALTERNATIVE LIQUIDITY FUND LIMITED

RETURN OF CAPITAL

As announced in the Company's interim report and unaudited financial statements for the period from incorporation to 31 December 2015 the Company has a cash balance of approximately US$6.0 million following underlying manager redemption payments of approximately US$2.0 million since the Company was launched.

As more fully described in the circular sent to shareholders on 20 June 2016 the Board has concluded that the most efficient way to return cash to shareholders is by issuing redeemable B Shares.

The Board today announces that it has resolved to return an amount of US$0.02 per share to shareholders, being US$2,932,887.74 in total based on the current number of shares in issue. This return of capital will be effected by way of an issue of redeemable B shares to existing shareholders pro rata to their shareholding on the record date set out below and the subsequent redemption of those B Shares.

It is expected that the timetable for the return of capital will be as follows.

5 September 2016	ex date
6 September 2016	record date for shareholders on the register to receive B shares
7 September 2016	B shares issued to shareholders on the register as at the record date
8 September 2016	B shares redeemed and cancelled
15 September 2016	redemption payment made through CREST to shareholders who hold their shares in uncertificated form
15 September 2016	cheques in relation to the redemption payment sent to shareholders that hold their shares in certificated form

All Enquiries

Tim Gardner

Morgan Creek Capital Management Europe

Tel. [phone]

Email. [e-mail]

 

END

 

 

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