Tender Offer - 1WS Credit Income Fund
Form Type: N-23C3A
Filing Date: 2025-03-18
Corporate Action: Tender-offer
Type: New
Accession Number: 000139834425005694
Filing Summary: 1WS Credit Income Fund is announcing a quarterly repurchase offer for its shareholders. The repurchase offer allows shareholders to sell shares of the fund and is designed to provide liquidity in the absence of a secondary market for its shares. The offer period begins on March 18, 2025, and ends on April 9, 2025, with all repurchase requests needing to be submitted by 5:00 p.m. Central Time on that deadline. The fund will repurchase up to 5% of its outstanding Class A-2 and Class I shares at the net asset value (NAV) determined on the Repurchase Pricing Date, which is anticipated to be the same day as the Repurchase Request Deadline. Shareholders must contact their financial intermediaries to submit their repurchase requests, particularly if they hold shares through a broker. There are no repurchase fees and the fund will cover any applicable share transfer taxes. Tax implications of the repurchase will depend on whether the transaction qualifies as a sale or a distribution. The fund has established conditions under which it may postpone or suspend the repurchase offer. Overall, the offer is intended to enhance the liquidity available to shareholders while the fund may also face potential impacts on its expenses and asset size due to the repurchase actions.
Additional details:
Investment Company File Number: 811-23368
Principal Executive Office: 299 Park Avenue, 25 Floor, New York, NY 10171
Repurchase Request Deadline: 2025-04-09
Repurchase Offer Amount: 5% of Class A-2 and Class I shares
Nav Class A2: 19.12
Nav Class I: 19.66
Record Date: 2025-03-10
Form Type: N-23C3A
Filing Date: 2024-12-17
Corporate Action: Tender-offer
Type: New
Accession Number: 000101270924000008
Filing Summary: 1WS Credit Income Fund announced a quarterly repurchase offer for up to 5% of its issued and outstanding Class A-2 and Class I shares. The repurchase offer period runs from December 17, 2024 to January 8, 2025. Shares will be repurchased at their respective NAV as of the Repurchase Pricing Date (expected to be January 8, 2025). As of December 10, 2024, the NAV was $19.14 for Class A-2 shares and $19.64 for Class I shares. The Fund may increase the repurchase amount by up to 2% if shareholders tender more shares than the initial offer amount. If shares tendered exceed the repurchase offer amount, shares will be repurchased on a pro rata basis. Payment for repurchased shares will be made within seven days of the Repurchase Pricing Date.
Additional details:
Repurchase Offer Percentage: 5%
Additional Repurchase Amount: 2%
Class A2 Nav: 19.14 USD
Class I Nav: 19.64 USD
Offer Start Date: 2024-12-17
Offer End Date: 2025-01-08
Payment Deadline: 7 days after Repurchase Pricing Date
Pricing Date: 2025-01-08
Comments
No comments yet. Be the first to comment!