Highbridge Multi-Strategy Fd Ltd £ Company Update (7075E)
08 July 2019 - 4:00PM
UK Regulatory
TIDMHMSF
RNS Number : 7075E
Highbridge Multi-Strategy Fd Ltd £
08 July 2019
8 July 2019
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EC NO. 596/2014)
("MAR")
HIGHBRIDGE MULTI-STRATEGY FUND LIMITED
(the "Company")
Company Update
Further to the Company's announcements on 17 and 25 June 2019,
the Board announces that, having completed its review of the
options available to the Company and consulted with the Company's
major shareholders, it intends to convene an extraordinary general
meeting ("EGM") to seek shareholder approval to change the
Company's investment policy (the "Proposals").
Should the change to the investment policy be approved, it is
intended that the Company will, net of the cash exit opportunity
described below, invest in the Tactical Credit Fund ("TCF") managed
by Highbridge Capital Management LLC ("HCM"), as per the
opportunity outlined by HCM in its letter dated 17 June 2019 and
published by the Company.
TCF is a multi-strategy credit fund that seeks to generate
return from relative value and idiosyncratic opportunities. TCF,
which launched in November 2013, invests in six credit focused
sub-strategies - Mid-Cap Convertible Credit, European Convertible
Credit, Capital Structure Arbitrage, Event Credit, Income
Investments and Distressed Credit & Reorganized Equities.
The Proposals will also provide the Company's shareholders with
an opportunity to receive a full or partial cash exit, at
shareholders' election.
Full details of the Proposals will be set out in a circular to
shareholders (the "Circular"). It is currently expected that the
Circular and Notice of EGM will be posted to shareholders in late
July 2019, and that the EGM will be held by no later than 14 August
2019.
A further announcement in relation to the Proposals will be made
in due course.
Enquiries:
Peel Hunt LLP 020 7418 8900
Luke Simpson / Liz Yong
LEI: 213800397SYHLYFH5961
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDQELFBKDFXBBB
(END) Dow Jones Newswires
July 08, 2019 02:00 ET (06:00 GMT)
Highbridge Multi-strategy (LSE:HMSF)
Historical Stock Chart
From Apr 2024 to May 2024
Highbridge Multi-strategy (LSE:HMSF)
Historical Stock Chart
From May 2023 to May 2024