Tender Offer - 83 Investment Group Income Fund
Form Type: SC TO-I/A
Filing Date: 2025-03-19
Corporate Action: Tender-offer
Type: Update
Accession Number: 000158064225001810
Filing Summary: The document amends and restates the original tender offer statement filed by 83 Investment Group Income Fund on March 14, 2025. The Fund is offering to purchase up to 5% of its net asset value of shares tendered by shareholders. The payment deadline for shareholders whose shares are accepted for purchase has been changed from June 4, 2025, to September 3, 2025. Importantly, the filing details significant dates regarding the tender offer process, including the Commencement Date (March 14, 2025), the Notice and Expiration Dates (both April 11, 2025), and the Acceptance Date (May 9, 2025). Shareholders tendering their shares are entitled to receive payment based on the net asset value calculated as of the Valuation Date. Additionally, there is pertinent information regarding the right to withdraw shares until the Expiration Date and the treatment of tax implications for shareholders depending on their status and type of holdings. No modifications were made to other previously reported information in the original schedule.
Additional details:
Prior Nav Calculation Date: 2025-01-31
Commencement Date: 2025-03-14
Notice Date: 2025-04-11
Expiration Date: 2025-04-11
Acceptance Date: 2025-05-09
Valuation Date: 2025-06-30
Payment Deadline: 2025-09-03
Percentage Of Net Assets Offered: 5%
Net Asset Value Per Share: 10.08
Total Shares Outstanding: 11382353.51
Form Type: SC TO-I
Filing Date: 2025-03-14
Corporate Action: Tender-offer
Type: New
Accession Number: 000158064225001764
Filing Summary: On March 14, 2025, 83 Investment Group Income Fund initiated a tender offer to purchase up to 5% of its shares from shareholders. The offer is structured to allow shareholders to tender their shares at the net asset value (NAV) calculated as of the Valuation Date. The key dates associated with this tender offer include: January 31, 2025 (Prior NAV Calculation Date), March 14, 2025 (Commencement Date), April 11, 2025 (Notice Date and Expiration Date), May 9, 2025 (Acceptance Date), and June 30, 2025 (Valuation Date). Shareholders can withdraw their tendered shares until the Expiration Date. The Fund will make payments to accepting shareholders in cash, and the shares must be tendered by a specific deadline to be eligible. The offer may be canceled or extended by the Fund at its discretion. The document outlines detailed procedures and regulations governing the tender offer, including rights of shareholders, factors influencing share valuation, and potential tax implications for participating shareholders.
Additional details:
Prior Nav Calculation Date: 2025-01-31
Commencement Date: 2025-03-14
Notice Date: 2025-04-11
Expiration Date: 2025-04-11
Acceptance Date: 2025-05-09
Valuation Date: 2025-06-30
Payment Deadline: 2025-06-04
Percentage Of Shares Offered: 5%
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