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Alcentra European Floating Rate Income Fund (AEFS) Red Ord Npv Gbp

Sell:98.20p Buy:99.60p 0 Change: 1.80p (1.80%)
Market closed Prices as at close on 21 February 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Alcentra European Floating Rate Income Fund Red Ord Npv Gbp

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 17 Jan 2020)

What is happening?

 

Alcentra European Floating Rate Income Fund (Alcentra) has announced details of a Quarterly Tender Offer. You have two options to consider before our noon on Monday 17 February 2020 deadline.

 

The Company has announced it intends to purchase up to 20% of the entire issued Share Capital of the Company during each Quarterly Tender Offer, provided that in each 12 month period ending on the relevant Quarter Record Date no more than 50% of the Shares at the Annual Record Date (12 October 2019) may be repurchased by the Company.

 

Each Shareholder at this March opportunity therefore has a Basic Entitlement to tender (i.e. elect to sell) up to 20% of their Shareholding as at the close of business on 31 December 2019.

 

You are able to elect to tender any number of Shares, However, tenders made in excess of your Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement. Such tenders may therefore be subject to pro-rata scaling back. The Minimum Tender Offer Price will be set at the Net Asset Value (NAV) of the Shares as at Tuesday 31 March 2020 less a discount of 1.5%.

 

What are my options?

 

Option 1 – Tender a number of Shares. If you wish to tender a number of Shares please give us your instruction by noon on Monday 17 February 2020, at which point any tendered Shares will be removed from your portfolio. Cash from the Tender Offer will be credited to your Account on receipt, which is expected to be from Friday 15 May 2020.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:98.20p
Buy:99.60p
Change: 1.80p (1.80%)
Market closed Prices as at close on 21 February 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Alcentra European Floating Rate Income Fund Red Ord Npv Gbp

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 17 Jan 2020)

What is happening?

 

Alcentra European Floating Rate Income Fund (Alcentra) has announced details of a Quarterly Tender Offer. You have two options to consider before our noon on Monday 17 February 2020 deadline.

 

The Company has announced it intends to purchase up to 20% of the entire issued Share Capital of the Company during each Quarterly Tender Offer, provided that in each 12 month period ending on the relevant Quarter Record Date no more than 50% of the Shares at the Annual Record Date (12 October 2019) may be repurchased by the Company.

 

Each Shareholder at this March opportunity therefore has a Basic Entitlement to tender (i.e. elect to sell) up to 20% of their Shareholding as at the close of business on 31 December 2019.

 

You are able to elect to tender any number of Shares, However, tenders made in excess of your Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement. Such tenders may therefore be subject to pro-rata scaling back. The Minimum Tender Offer Price will be set at the Net Asset Value (NAV) of the Shares as at Tuesday 31 March 2020 less a discount of 1.5%.

 

What are my options?

 

Option 1 – Tender a number of Shares. If you wish to tender a number of Shares please give us your instruction by noon on Monday 17 February 2020, at which point any tendered Shares will be removed from your portfolio. Cash from the Tender Offer will be credited to your Account on receipt, which is expected to be from Friday 15 May 2020.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:98.20p
Buy:99.60p
Change: 1.80p (1.80%)
Market closed Prices as at close on 21 February 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Alcentra European Floating Rate Income Fund Red Ord Npv Gbp

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 17 Jan 2020)

What is happening?

 

Alcentra European Floating Rate Income Fund (Alcentra) has announced details of a Quarterly Tender Offer. You have two options to consider before our noon on Monday 17 February 2020 deadline.

 

The Company has announced it intends to purchase up to 20% of the entire issued Share Capital of the Company during each Quarterly Tender Offer, provided that in each 12 month period ending on the relevant Quarter Record Date no more than 50% of the Shares at the Annual Record Date (12 October 2019) may be repurchased by the Company.

 

Each Shareholder at this March opportunity therefore has a Basic Entitlement to tender (i.e. elect to sell) up to 20% of their Shareholding as at the close of business on 31 December 2019.

 

You are able to elect to tender any number of Shares, However, tenders made in excess of your Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement. Such tenders may therefore be subject to pro-rata scaling back. The Minimum Tender Offer Price will be set at the Net Asset Value (NAV) of the Shares as at Tuesday 31 March 2020 less a discount of 1.5%.

 

What are my options?

 

Option 1 – Tender a number of Shares. If you wish to tender a number of Shares please give us your instruction by noon on Monday 17 February 2020, at which point any tendered Shares will be removed from your portfolio. Cash from the Tender Offer will be credited to your Account on receipt, which is expected to be from Friday 15 May 2020.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
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