REG - Highbridge Tactical - Cash Exit Payment

Highbridge Tactical Credit FundAnnouncement

22/03/2022 11:00

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RNS Number : 5912F  Highbridge Tactical Credit Fund Ltd  22 March 2022

22 March 2022

 

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Highbridge Tactical Credit Fund Limited

(the "Company")

 

Receipt of Shares in the Tactical Credit Fund and sixth and seventh Cash Exit
Payments

 

Further to the Company's circulars to Shareholders dated 31 July 2019 and 28
August 2019, the Company has received sixth and seventh dividend-in-kind
distributions of £0.460m of new shares in TCF Feeder (sixth distribution
£0.280m and seventh £0.180m).  All future distributions from the HMS Master
Fund will be received as cash only.

 

Further announcements will be made when further distributions are received.
The Company will continue to be a shareholder of the Highbridge Multi-Strategy
Fund Corporation (HCC) until all of the assets of the HMS Master Fund have
been liquidated.

 

Cash Distribution

 

Following the receipt of the sixth and seventh distributions from Highbridge
in connection with realisation of assets comprised in the Initial Redemption
Portfolio (created following the Initial Cash Exit Offer) and the Redemption
Portfolio (created following the Subsequent Cash Exit Offer) the Company has
£1,328,904 available to distribute.

 

Accordingly, on or around 4 April 2022, approximately £1,317,878 is expected
to be paid to Multi-Strat Creditors, equating to £0.016 per Share in respect
of the 2019 Cash Exit Offers.

 

Multi-Strat Creditors are reminded that following this distribution they will
receive future redemption proceeds as a number of cash payments following
receipt by the Company of the redemption proceeds from HCC, and further
announcements will be made when any cash payment is to be made following the
realisation of any other assets comprised in the Redemption Portfolio.  Any
Multi-Strat Creditors whose distribution proceeds fall below £50 will have
amounts accrued and paid when proceeds exceed this amount, or, failing to
reach this limit, all proceeds will be paid upon the final distribution.

 

 

For further information please contact:

 

Sanne Fund Services (Guernsey) Limited

Company Secretary

Tel: +44 (0) 1481 737 600

LEI: 213800397SYHLYFH5961

 

 

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