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GUERNSEY - Alternative Liquidity Fund Limited announced Monday it will return $0.13 per share to shareholders following receipt of distributions totaling $21.29 million from two investments.
The company received $2.7 million from the V Invest RJ Fund and $18.59 million from Vision FCVS RJ Fund, according to a press release statement. The total capital return will amount to $18.99 million based on current shares outstanding.
The return of capital will be executed through the issuance of redeemable B shares to existing shareholders proportionate to their holdings, followed by redemption and cancellation of those shares.
Shareholders on record as of September 26 will receive the B shares on September 29, with redemption scheduled for September 30. Payment is expected to be made by October 31, with all redemption payments to be paid gross of tax.
The board of directors plans to meet on October 8 to discuss the company’s remaining portfolio holdings, potential outcomes, and estimated timing for monetization of these assets. Following this meeting, the investment advisor will prepare a detailed report for shareholders regarding the company’s future, which will be released through the London Stock Exchange.
The company, registered in Guernsey with LEI number 213800R5CHD76J3LU713, trades on the London Stock Exchange.
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