REG - Highbridge Tactical - Net Asset Value(s) - Month End Final

Highbridge Tactical Credit FundAnnouncement

26/03/2020 17:10

RNS Number : 7808H
  
Highbridge Tactical Credit Fund Ltd
  
26 March 2020
  
 

26 March 2020
 
HIGHBRIDGE TACTICAL CREDIT FUND LIMITED
(the "Company")
Monthly Final Net Asset Value
The Company announces the unaudited net asset value ("NAV") of an Ordinary Share (a "Share") in the capital of the Company as at 28 February 2020 (the "Valuation Point"):
 




Shares


NAV




Ordinary  Shares                    
ISIN: GB00B13YVW48


GBP 2.1894




 
The Company also announces cumulative performance as at the Valuation Point:
 




 


Month on Month


Year to Date




Company NAV Performance


1.13%


3.12%




 
At the request of shareholders and the Board, the Administrator has prepared the below table providing further information about the approximate asset exposure of the Company:
 
 
Cash                                                                                                              3.27%
Highbridge Tactical Credit Fund                                                             85.07%
Highbridge Multi-Strategy Fund Corporation                                      11.23%
AllBlue Limited and AllBlue Leveraged Feeder Limited                       0.44% 
 
 
The above estimated NAV of Shares and associated performance data have been calculated using information which, whilst being received from a reliable source, is itself estimated.  This estimated NAV and the performance data are indicative only.
 
The liquidators of AllBlue Limited ("AB") and AllBlue Leveraged Feeder Limited ("ABL") have informed the Company that they will no longer provide net asset values for AB and ABL, save for the audited financial statements as at 31 July 2018. The audited financial statements as at 31 July 2018 of AB and ABL have been used to prepare this valuation, net of any subsequent distributions from AB and ABL received by the Company. The audited financial statements as at 31 July 2018 of AB and ABL have been used to prepare this valuation, net of any subsequent distributions from AB and ABL received by the Company. The AB and ABL holdings represent significantly less than one per cent of the Company's NAV.
 
 
Note: Your attention is drawn to the Company's announcement of the results of its extraordinary general meetings held on 24 February and 21 October, 2016 and all subsequent announcements concerning the redemption and repurchase of shares and change of investment policy. 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.
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
E&OE - in transmission
 
 


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