Highbridge Tactical Credit Fund Ltd Company Update (4272N)
29 Januar 2021 - 6:45PM
UK Regulatory
TIDMHTCF
RNS Number : 4272N
Highbridge Tactical Credit Fund Ltd
29 January 2021
29 January 2021
HIGHBRIDGE TACTICAL CREDIT FUND LIMITED
(the "Company")
Registration No. 44704
Registered Office:
SARNIA HOUSE, LE TRUCHOT, ST PETER PORT,
GUERNSEY GY1 1GR
TELEPHONE: +44 1481 737600
FACSIMILE: +44 1481 749829
Company Update
Redemption in the Highbridge Tactical Credit Master Fund
The first quarterly redemption proceeds from the Highbridge
Tactical Credit Master Fund ('HTCMF') in connection with the
Company's managed wind-down are expected to be received next week
and the Board anticipates being able to distribute the redemption
proceeds in February. The second quarterly redemption was submitted
last week in time for the 31(st) March 2021 Dealing Day and it is
anticipated that proceeds from this second redemption will be
distributed in May.
Distribution from the Highbridge Multi-Strategy Master Fund
A further cash distribution from Highbridge Multi-Strategy
Master Fund ('HMSMF') has been received in the amount of
GBP964,968. The Board has determined that it is not economically
viable to make a distribution at this time, so will review the
position when the next distribution is received. This is
anticipated to be at the end of March.
NAV Reporting
The Board wish to advise that the delay to the estimated weekly
NAV at 15 January 2021 is due to the 31 December 2020 valuation of
the HMSMF not yet being finalised. The Board has been informed that
the required information is expected to be made available on or
before 30 January 2021, and the estimated NAV of the Company is to
be published as soon as possible thereafter.
Subsequent to the shareholders of the Company passing a
resolution that the Company ceases to continue in its current form
and enters a managed wind-down, the Board announce that the weekly
NAV estimate reporting will cease from the 31 January 2021 to
reduce the Company's costs. The Company will continue to publish
the monthly final NAVs. In addition, to help the Company's
shareholders track the performance of HTCMF, confirmation is
awaited from Highbridge that weekly estimates of the NAV of HTCMF
will be available on the Company's website :
www.highbridgemsfltd.co.uk going forward.
For further information please contact:
Praxis Fund Services Limited Tel: +44 (0) 1481 737 600
Company Secretary
LEI: 213800397SYHLYFH5961
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