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Due to the oversubscription, the fund will implement prorated purchases based on the number of shares each shareholder offered. This means that not all shares tendered will be bought back, and shareholders who participated will have only a portion of their offered shares repurchased by the fund.
Investors are keenly awaiting the final results of this tender offer, which are expected to be announced by Monday, November 13, 2023. The preliminary results indicate a strong demand among shareholders to liquidate a portion of their investment at a near net asset value price.
For those seeking more information about the tender offer, all relevant documents have been made available on the SEC’s website. Additionally, representatives from Longacre Square Partners, Greg Marose and Kate Sylvester, are available for further inquiries. Details can also be found on Business Wire’s website.
The finalization of this tender offer is closely watched as it may impact the fund’s share price and could provide insights into shareholder sentiment regarding the fund’s performance and future outlook.
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