Tender Offer - AFA Private Credit Fund

Form Type: N-23C3A

Filing Date: 2025-04-04

Corporate Action: Tender-offer

Type: New

Accession Number: 000199937125003809

Filing Summary: AFA Asset Based Lending Fund has initiated a periodic repurchase offer as of April 4, 2025. The offer is designed to provide liquidity to shareholders as the fund's shares are not redeemable daily for cash and are not traded on an exchange. The repurchase offer period will commence on April 4, 2025, and will conclude at the close of the New York Stock Exchange on May 5, 2025, unless extended. The fund is offering to repurchase up to 5% of its outstanding shares at their net asset value (NAV) on the repurchase pricing date, which is also set for May 5, 2025. The NAV for the Institutional Class Shares and Founder Class Shares was reported as $9.40 and $9.39 respectively as of March 28, 2025. Shareholders may tender shares for repurchase during this designated period, with a strict deadline for requests. If the total shares tendered exceed the fund's repurchase amount, shares will be purchased on a pro-rata basis, although the fund may accept all shares from those owning less than 100 shares. The repurchase offer aims to allow shareholders to liquidate their investments in an environment with limited secondary market options, while ensuring regulatory compliance. Shareholders are encouraged to be mindful of potential tax implications, as selling shares may trigger taxable events.

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