REG - Highbridge Tactical - Return of Capital

Highbridge Tactical Credit FundAnnouncement

29/03/2023 14:15

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RNS Number : 6530U  Highbridge Tactical Credit Fund Ltd  29 March 2023

HIGHBRIDGE TACTICAL CREDIT FUND LIMITED

(the "Company")

Registration No. 44704

Registered Office:

1 ROYAL PLAZA, ROYAL AVENUE, ST PETER PORT,

GUERNSEY GY1 2HL

29 March 2023

 

RETURN OF CAPITAL TO SHAREHOLDERS

 

The Company today announces that it will return £2,712,911.99 (equivalent to
£2.6368 per share) on 17 April 2023 (the "Redemption Date") by way of a
compulsory partial redemption of ordinary shares of NPV ("Shares") (the
"Redemption").

The Redemption will be effected at £2.6368, being the NAV per Share as at 30
December 2022 and pro rata to holdings of Shares on the register at the close
of business on the Redemption Record Date, being 17 April 2023. As at today's
date, the Company has 1,084,073 Shares in issue of which nil are held in
treasury. On this basis approximately 95 percent. of each registered
shareholding would be redeemed on the Redemption Date.

Fractions of shares will not be redeemed and so the number of shares to be
redeemed for each shareholder will be rounded down to the nearest whole number
of shares.

All shares that are redeemed will be cancelled with effect from the relevant
Redemption Date.

 

The Shares will all be disabled in CREST after close of business on the
Redemption Date and the existing ISIN number GG00BMF0J347 (the "Old ISIN")
will expire.

 

The new ISIN number GG00BNW1QK33 (the "New ISIN") in respect of the remaining
Shares which have not been redeemed will be enabled and available for
transactions from and including 18 April 2023.

 

Up to and including the Redemption Date, Shares will be traded under the Old
ISIN and as such, a purchaser of such Shares would have a market claim for a
proportion of the redemption proceeds. CREST will automatically transform any
open transactions as at the Redemption Date into the New ISIN.

 

Voting Rights as at 18 April 2023

 

A further announcement will be made confirming the remaining number of Shares
in issue and the total voting rights in the Company once the redemption has
been confirmed by the Registrar.

 

 

Expected timetable for redemption:

 

Posting of redemption notice
 
29/03/2023

 

Record Date, Redemption Date and expiry of old ISIN number
               17/04/2023

 

New ISIN number enabled
 
18/04/2023

 

Redemption monies paid to uncertificated holdings
and                          25/04/2023

certificated
holdings

 

 

LEI: 213800397SYHLYFH5961

 

Enquiries:

 

Company Registrar

JTC Group

Office: +44 (0) 1481 711301

 

Company Secretary and Administrator

Sanne Fund Services (Guernsey) Limited

Office: +44 (0) 20 3530 3111

Broker

finnCap

DDI: +44 (0) 20 7220 0557

 

 

 

 

 

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