REG - HighbridgeMulti-S Fd - Net Asset Value(s) <Origin Href="QuoteRef">HMSF.L</Origin>

Highbridge Tactical Credit FundAnnouncement

23/03/2016 08:15

RNS Number : 9522S
Highbridge Multi-Strategy Fd Ltd 
22 March 2016
HIGHBRIDGE MULTI-STRATEGY FUND LIMITED, FORMERLY BLUECREST ALLBLUE FUND LIMITED (the "Company") 
ESTIMATED NET ASSET VALUE ("NAV") OF SHARES
This estimated NAV is calculated as at the close of business on Friday 4 March 2016 the "VP", being the valuation point: 
Ordinary Shares
NAV
Sterling Shares ISIN: GB00B13YVW48
GBP 2.0029
This estimated NAV has been calculated on the assets and liabilities within the Company as at the VP having regard to (i) the cash and near cash items held and (ii) the estimated net asset value of Shares in HighBridge Multi-Strategy Fund (as provided by Highbridge Capital Management) (iii) the estimated net asset value of Shares in AllBlue Limited (AB) and AllBlue Leveraged Feeder Limited (ABL) (as provided by BlueCrest Capital Management Limited) duly amended using a discounted cashflow methodology based on the 12 month interbank swap rate for the relevant currency on a day count basis so as to reflect the anticipated pay-out of redemption proceeds by both AB and ABL. However, the exact timings and amounts of these cashflows are not known with certainty.
Please be advised that approximately 1% of the net assets were held as cash at the Valuation Point. Approximately 21% of the net assets are still with AllBlue and that value has been discounted for time weighting.
The above estimated NAV of the Shares have been calculated using information which, whilst being received from a reliable source, is itself 'estimated' and accordingly the Company accepts no responsibility for the accuracy of the estimated NAV figures given, and neither is any responsibility implied. This estimated NAV of the Shares is provided for indication purposes only.
Note: AllBlue Limited and AllBlue Leveraged Feeder Limited are both exempted companies incorporated with limited liability in theCayman Islands. The Company is a closed-ended investment company registered and incorporated inGuernsey. The Shares of the Company are admitted to the Official List and to trading on the main market of the London Stock Exchange.
Note: Your attention is drawn to the Company's announcement of the results of its EGM on 24 February 2016. Investors should be aware that the amount payable on a return of capital, whether on a winding-up of the Company or otherwise, may differ materially from this valuation.
22 March 2016
For further information about this announcement contact:
JTC (Guernsey) Limited
Secretary
Tel: 01481 702 400
E&OE - in transmission

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