Alternative Liquidity Fund Limited Notice of Return of Capital (6147I)
01 September 2016 - 2:42AM
UK Regulatory
TIDMALF
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: +44 1481 737600
Facsimile: +44 1481 749810
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 ex date
2016
6 September record date for shareholders
2016 on the register to receive B
shares
7 September B shares issued to shareholders
2016 on the register as at the record
date
8 September B shares redeemed and cancelled
2016
15 September redemption payment made through
2016 CREST to shareholders who hold
their shares in uncertificated
form
15 September cheques in relation to the redemption
2016 payment sent to shareholders
that hold their shares in certificated
form
All Enquiries
Tim Gardner
Morgan Creek Capital Management Europe
Tel. +44 20 7647 2171
Email. ALF@morgancreekcap.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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