Cash Exit Payments

RNS Number : 4416T

Highbridge Multi-Strategy Fd Ltd £

05 January 2017

 

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

Confirmation of Cash Exit Payments

The Board of the Company is pleased to announce that on or before Friday, 13 January 2017 an amount equal to £0.0683 per redeemed Sterling Share participating in the Cash Exit Opportunity and $0.0634 per redeemed US$ Share participating in the Cash Exit Opportunity are expected to be paid to former shareholders of the Company who chose to take part in the Cash Exit Opportunity in February, 2016.

A further payment to Cash Exit shareholders will take place as advised in the Circular dated 8 February, 2016 once the final outstanding proceeds have been received from the Company's investments in AllBlue and AllBlue Leveraged.  These investments currently comprise approximately 2.6 per cent. of the Sterling net assets of the Company.   

The Board of the Company has resolved that with immediate effect any distributions with a value of less than £10.00 or US$15.00, as applicable, will not be paid to the relevant Cash Exit creditors and will instead be retained for the benefit of the Company, as the cost to the Company and Cash Exit creditors of making such small distributions would exceed the value of the distributable amounts.

For further information about this announcement please contact:

JTC Fund Solutions (Guernsey) Limited

Secretary

Tel: [phone]

END OF ANNOUNCEMENT

E&OE - in transmission

 

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