Estimated Creditor Interests

RNS Number : 5034P

Highbridge Multi-Strategy Fd Ltd £

31 August 2017

 

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

On Friday 25 August, 2017 the Company released an announcement under RNS Number 0368P providing further information about the approximate asset exposure of those former shareholders who participated in the cash exit opportunity in February 2016 ("Cash Exit Creditors") and those former shareholders who participated in the tender offer in October 2016 ("Tender Creditors"), all of whom remain creditors of the Company.

It has come to the Company's attention that the estimated cash exit creditor percentages included in that announcement were incorrect.  The percentage of the Cash Exit Creditors' interests held as cash was incorrectly stated to be 4% instead of 3% and the percentage of the Cash Exit Creditors' interests remaining in AllBlue Limited and AllBlue Leveraged Feeder Limited was incorrectly stated to be 0% instead of 1%.

The full text of the corrected announcement is below.

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At the request of shareholders and the Board, the Administrator has prepared the below table as at 31 July 2017, providing further information about the approximate asset exposure of those former shareholders who participated in the cash exit opportunity in February 2016 ("Cash Exit Creditors") and those former shareholders who participated in the tender offer in October 2016 ("Tender Creditors"), all of whom remain creditors of the Company. 

	Cash Exit Creditors
Cash	3%
AllBlue Limited and AllBlue Leveraged Feeder Limited	1%
Distributed	96%
	Tender Creditors
Cash	2%
AllBlue Limited and AllBlue Leveraged Feeder Limited	1%
1992 Multi-Strategy Fund Corporation (the legal name for Highbridge's multi-strategy fund)	0%
Distributed	97%

Including information received by the Company from AllBlue Limited and AllBlue Leveraged Feeder Limited as to the residual value of their own creditor interests, the Company's Administrator has calculated the unaudited estimated residual payment due to the Cash Exit Creditors and Tender Creditors to be as follows:

	Sterling Class	US$ Class
Cash Exit Creditors - per Share	GBP 0.0712	USD 0.0687
Tender Creditors - per Share	GBP 0.0580

The above values have been calculated using information which, whilst being received from a reliable source, is itself estimated, and are included purely to provide an indication of the potential redemption and / or tender proceeds, as applicable, yet to be paid to each of the Cash Exit Creditors and Tender Creditors.  The actual proceeds that will be paid to creditors may differ materially from the amounts indicated above.   

For further information about this announcement contact:

JTC Fund Solutions (Guernsey) Limited, Secretary

Tel:  [phone]

Tim Mitchell, J.P. Morgan Asset Management (UK), Investor Relations

Tel: [phone]

This announcement contains inside information.

E&OE - in transmission

 

END

 

 

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