skip to content

Other

Highbridge updates on receipts from AllBlue funds

03 October 2016 07:33

Highbridge Multi-Strategy Fund says it has now received from AllBlue Limited and AllBlue Leveraged Feeder Limited a further tranche of redemption monies in the sum of approximately £32 million and $1.7 million.

The company has made a subscription for the continuing proceeds of approximately £11 million and will make a further announcement in due course detailing any distributions to be made to cash exit shareholders.

The company has received a total of approximately £661 million and $40 million from AllBlue and AllBlue Leveraged, representing approximately 93% of the value of the company's investment in the sterling classes of the AllBlue funds and approximately 94% of the value of its investment in the US dollar classes of the AllBlue funds.

To date, £1.76 per sterling share and $1.68 per US dollar share have been distributed to former shareholders who participated in the cash exit offer.

It says further distributions, and subscriptions into Highbridge Capital Corporation, will take place once proceeds are received from the company's investments in AllBlue and AllBlue Leveraged.

Story provided by StockMarketWire.com

Related Company: HMSF

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.