Revision to previously announced NAVs

RNS Number : 2282Z
Highbridge Tactical Credit Fund Ltd
16 September 2020
 

 

16 September 2020

 

 

HIGHBRIDGE TACTICAL CREDIT FUND LIMITED

(the "Company")

 

Revision to previously published Net Asset Values (NAVs)

Further to the announcements made on 28 August 2020 (RNS: 5171X) and 4 September 2020 (RNS: 0104Y) the independent review of the final NAV published for 30 June 2020 and subsequent NAV estimates has now been completed. During the review, administrative errors in the calculation in the below stated NAVs were identified. The costs of the independent review exercise will be borne by the Company's Administrator, not by the Company.

 

The revised NAVs are confirmed in accordance with the table below:

 

 

NAV Date

Type

Originally published NAV per share

Original publication date

Independently confirmed NAV per share

Variance to original NAV

30/06/2020

Final Price

£2.2561

29/7/20

RNS 5104U

£2.2587

+0.12%

10/07/2020

Estimated Price

£2.2751

16/7/20

RNS 2612T

£2.2777

+0.11%

17/07/2020

Estimated Price

£2.2887

21/7/20

RNS 6694T

£2.2913

+0.11%

24/07/2020

Estimated Price

£2.3032

29/7/20

RNS 5213U

£2.3057

+0.11%

31/07/2020

Estimated Price

£2.3103

7/8/20

RNS 5539V

£2.3116

+0.06%

07/08/2020

Estimated Price

£2.3287

13/8/20

RNS 0868W

£2.3300

+0.06%

14/8/2020

Estimated Price

£2.3496

20/8/20

RNS 7517W

£2.3509

+0.06%

21/08/2020

Estimated Price

£2.4188

28/8/20

RNS 5178X

£2.3534

-2.70%

31/7/2020

Final Price

£2.3783

28/8/20

RNS 5188X

£2.3130

-2.75%

 

 

Now that the independent NAV review has been completed, the normal cycle of publishing weekly estimates and a monthly final will recommence, with the publication of the delayed 28 August, 4 September and 11 September weekly estimates being published as soon as practically possible.

 

 

Enquiries:

 

Praxis Fund Services Limited

Company Secretary

 

Tel: +44 (0) 1481 737 600

Katie Standley, J.P. Morgan Asset Management (UK)

Tel: 0207 134 6220

 

LEI: 213800397SYHLYFH5961

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