Tender Offer - ACAP Strategic Fund
Form Type: N-23C3A
Filing Date: 2025-05-16
Corporate Action: Tender-offer
Type: New
Accession Number: 000120677425000362
Filing Summary: ACAP Strategic Fund has announced a periodic repurchase offer for its shares of beneficial interest, allowing shareholders to request the repurchase of up to 25% of the shares outstanding as of June 16, 2025. The repurchase request period runs from May 16, 2025, to June 16, 2025, with the repurchase pricing date set for June 30, 2025. Shareholders may submit their requests via their financial advisor, who may impose fees for this service. If requests exceed the number of shares available for repurchase, the Fund may proceed on a pro rata basis or increase the number of shares to be repurchased by an additional 2%. Payment for repurchased shares will occur by July 7, 2025. The offer is aimed at providing liquidity for investors as there is no secondary market for the Fund's shares. Shareholders are advised to evaluate their decisions on tendering shares independently, as the Fund does not make recommendations regarding the submissions.
Additional details:
Investment Company Act File Number: 811-22312
Principal Executive Office: 350 Madison Avenue, 9th Floor, New York, NY 10017
Repurchase Request Deadline: 2025-06-16T16:00:00-04:00
Repurchase Pricing Date: 2025-06-30
Nav Class A: 24.14
Nav Class W: 18.28
Record Date: 2025-05-05
Form Type: N-23C3A
Filing Date: 2025-02-14
Corporate Action: Tender-offer
Type: New
Accession Number: 000120677425000073
Filing Summary: ACAP Strategic Fund (the 'Fund') is offering to repurchase up to twenty-five percent (25%) of its shares of beneficial interest ('Shares') issued and outstanding as of March 17, 2025, at a share price equal to the net asset value per share ('NAV') on March 31, 2025. The Repurchase Offer aims to provide liquidity as no secondary market exists for the Fund's Shares. Shareholders are notified they can request the repurchase of their Shares until March 17, 2025. If requests exceed the number of Shares authorized for repurchase, the Fund may repurchase Shares on a pro rata basis. The NAV as of February 7, 2025, is detailed for Class A and Class W Shares. Shareholders may withdraw or modify their requests before the deadline, and tax consequences of share repurchases are provided. The Offer period commences on February 14, 2025, and ends on March 17, 2025.
Additional details:
Investment Company Act File Number: 811-22312
Principal Executive Office Address: 350 Madison Avenue, 9th Floor, New York, NY 10017
Repurchase Request Deadline: 2025-03-17T16:00:00-05:00
Net Asset Value Class A: 24.40
Net Asset Value Class W: 18.45
Payment For Shares After: 2025-04-07
Record Date: 2025-02-03
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