Tender Offer - AB CarVal Credit Opportunities Fund
Form Type: N-23C3A
Filing Date: 2025-07-03
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525155353
Filing Summary: AB CarVal Credit Opportunities Fund has issued a notification of repurchase offer to shareholders. The fund is offering to repurchase up to 5% of its outstanding shares at the net asset value (NAV) as of the close of business on August 5, 2025. This quarterly repurchase offer provides liquidity since shares are not traded on a secondary market and are not redeemable for cash daily. In cases where repurchase requests exceed 5%, the fund may increase the repurchase amount by an additional 2%. All requests must be submitted by 4:00 p.m. Eastern Time on August 5, 2025. Shareholders have the option to tender all or part of their shares, but if the offer is oversubscribed, shares will be repurchased on a pro-rata basis. Additionally, if shares are held for less than a year, they may be subject to a contingent deferred sales charge (CDSC). Further guidelines and instructions for submitting repurchase requests are provided, including the tax implications of any tendered shares. The document emphasizes that there is no obligation for shareholders to sell their shares at this time and outlines the NAV for various share classes as of June 30, 2025, as well as the procedures for requesting repurchases.
Additional details:
Investment Company File Number: 811-23939
Country Of Origin: United States
Principal Executive Office Address: 1601 Utica Avenue South Suite 1000 Minneapolis, MN 55416
Repurchase Offer Period Start: 2025-07-03
Repurchase Offer Period End: 2025-08-05
Repurchase Percent Of Total Shares: 5%
Additional Shares Repurchased Limit: 2%
Nav Advisor Class: 10.04
Nav Class A: 10.03
Nav Class C: 10.03
Nav Class U: 10.03
Repurchase Request Deadline: 2025-08-05
Repurchase Pricing Date: 2025-08-05
Cdsc Class C: 1.00% if held for less than one year
Cdsc Class A: 1.50% for purchases of $250,000 or more if tendered within 12 months
Form Type: N-23C3A
Filing Date: 2025-04-04
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525073292
Filing Summary: AB CarVal Credit Opportunities Fund has announced a quarterly repurchase offer aimed at providing liquidity for shareholders since the shares of this closed-end interval fund are not redeemable for cash or traded on a stock exchange. The repurchase offer allows the Fund to buy back up to 5% of its total shares during the offer period. In cases where total repurchase requests exceed this limit, the Fund may increase the repurchase amount by an additional 2%, but shares will be redeemed on a pro rata basis if oversubscribed. The repurchase period starts on April 4, 2025, and ends on May 5, 2025. Shareholders are informed of the net asset values (NAV) per share for various classes on March 31, 2025, which are approximately $9.90 to $9.91. They must submit repurchase requests through their financial intermediary or directly to the Fund by the close of business on May 5, 2025. Furthermore, there are contingent deferred sales charges for certain classes based on the duration of share ownership, with a reminder that any tender of shares is considered a taxable event. The Fund reserves the right to reject or accept tenders at their discretion, and should they suspend the offer, it would require Board approval for specific circumstances.
Additional details:
Investment Company Act File Number: 811-23939
Principal Executive Office: 1601 Utica Avenue South Suite 1000 Minneapolis, MN 55416
Repurchase Offer Start Date: 2025-04-04
Repurchase Offer End Date: 2025-05-05
Maximum Repurchase Percentage: 5%
Additional Repurchase Percentage: 2%
Net Asset Value Per Share Advisor Class: 9.91
Net Asset Value Per Share Class A: 9.91
Net Asset Value Per Share Class C: 9.90
Net Asset Value Per Share Class U: 9.91
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