Highbridge Tactical - Revision to previously announced NAVs

Highbridge Tactical Credit Fund

16/09/2020 17:43

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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