Tender Offer - AB Multi-Manager Alternative Fund
Form Type: SC TO-I
Filing Date: 2025-05-16
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525121347
Filing Summary: AB Multi-Manager Alternative Fund offers to repurchase up to 10% of its outstanding Shares from shareholders at their unaudited net asset value as of September 30, 2025, with a Repurchase Deadline of June 23, 2025. Shareholders may tender all or part of their Shares while maintaining a minimum account balance of $20,000 post-repurchase. Payments for accepted Shares will be made via a non-interest bearing promissory note, approximately 45 days after the Valuation Date, with provisions for accelerated payment if a majority of a Shareholder's Shares are repurchased. The tender offer allows Shareholders to withdraw any tenders before the Repurchase Deadline. The Offer can be amended or canceled by the Company at any time. The unaudited net asset value per Share as of March 31, 2025, is $11.47 and the Offer is limited to the 10% of Shares outstanding as of May 1, 2025.
Additional details:
Shares Tendered: up to 10% of outstanding Shares
Repurchase Deadline: 2025-06-23
Valuation Date: 2025-09-30
Repurchase Price: unaudited net asset value per Share
Minimum Balance Requirement: $20,000
Form Type: SC TO-I/A
Filing Date: 2025-03-06
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525048199
Filing Summary: This document is a Final Amendment to the Issuer Tender Offer Statement on Schedule TO originally filed on August 16, 2024, by AB Multi-Manager Alternative Fund. The Company offered to purchase up to 10% of its outstanding Shares from its shareholders under the terms outlined in the Offer to Repurchase. The Offer expired at 5:00 p.m. on September 23, 2024, with a total of 2,888,553.693 Shares validly tendered and accepted for repurchase. The Valuation Date for the shares was December 31, 2024. Payments were made via promissory notes to shareholders whose Shares were accepted, totaling $31,639,188.87, reflecting the collective amount payable minus a 5% hold-back for shareholders with 95% or more of their shares repurchased. Additional payments of $1,261,437.68 under the notes will be made after the Company's audit completion.
Additional details:
Tender Offer Expiration Date: 2024-09-23
Shares Tendered: 2888553.693
Repurchase Price Payment Date: 2025-02-05
Total Repayment Amount: 31639188.87
Total Hold Back Amount: 1261437.68
Form Type: SC TO-I
Filing Date: 2025-02-14
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525026697
Filing Summary: AB Multi-Manager Alternative Fund, organized as a Delaware statutory trust and registered under the Investment Company Act of 1940, is engaging in a tender offer to repurchase up to 10% of its outstanding shares of beneficial interest from shareholders. The offer is available to shareholders at their unaudited net asset value per share as determined on June 30, 2025, or the last business day of the third month following the expiration of the offer, if extended. Shareholders must tender their shares by the repurchase deadline of March 21, 2025. Accepted tenders will be compensated via a non-interest bearing promissory note. If a shareholder tenders 95% or more of their shares, they will receive an initial payment of 95% of the tendered shares' value, with the remainder payable after the next annual audit, expected to be completed by late May 2026. The tender offer allows withdrawal of shares until the repurchase deadline, and if more than the targeted amount is tendered, the company will accept shares on a pro rata basis. The company's past net asset value was reported as $11.39 per share as of December 31, 2024, with an effective management overseen by a Board of Trustees and operational affiliations with AllianceBernstein.
Additional details:
Issuer Name: AB Multi-Manager Alternative Fund
Repurchase Percentage: 10%
Repurchase Deadline: 2025-03-21
Unaudited Net Asset Value: $11.39
Valuation Date: 2025-06-30
Initial Payment Percentage: 95%
Audit Completion Month: May 2026
Shareholder Minimum Balance: $20,000
Contact Telephone Number: 1-800-221-5672
Form Type: SC TO-I/A
Filing Date: 2025-01-10
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525004286
Filing Summary: This document is a Final Amendment to an Issuer Tender Offer Statement originally filed on May 17, 2024, by AB Multi-Manager Alternative Fund. The amendment reports the results of the tender offer in which the Company offered to purchase up to 10% of its outstanding shares from shareholders. The offer expired on June 21, 2024, at 5:00 p.m. New York time. A total of 4,095,263.446 shares were validly tendered and accepted for repurchase. Shareholders received payment in the form of promissory notes. On November 8, 2024, the Company paid a cumulative amount of $44,958,340.38, accounting for a 5% hold-back policy applicable when 95% or more of a shareholder's shares are repurchased. After the Company completes its audit, additional payments totaling $1,768,615.54, corresponding to the hold-back amounts, will be made.
Additional details:
Date Tender Offer First Published: 2024-05-18
Offer Expiration Date: 2024-06-21
Shares Validly Tendered: 4,095,263.446
Total Payment Made: 44,958,340.38
Hold Back Amount: 1,768,615.54
Valuation Date: 2024-09-30
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