Tender Offer - Alpha Core Strategies Fund
Form Type: SC TO-I/A
Filing Date: 2025-05-07
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525114296
Filing Summary: This document is Amendment No. 1 to the Issuer Tender Offer Statement on Schedule TO, filed by Alpha Core Strategies Fund regarding an offer to purchase up to a number of common units of beneficial interest with an aggregate net asset value of $45,000,000 as of the last NAV calculation prior to the expiration of the offer. The offer allowed Unitholders to tender their Common Units, which was set to terminate at 5:00 p.m. Central Time on February 14, 2025. A total of 676,870.5998 Common Units were tendered and accepted, and payment was executed through Repurchase Instruments issued to the Unitholders whose Common Units were repurchased. The valuation date for these instruments was established as March 31, 2025, with a cumulative payment to Unitholders totaling $15,589,962.62 made on or about April 23, 2025, following the acceptance of their tendered Common Units. The document serves as the final amendment under Rule 13e-4(c)(4) of the Securities Exchange Act of 1934.
Additional details:
Tender Offer Aggregate Nav: 45000000
Tendered Common Units: 676870.5998
Repurchase Instrument Payment Date: 2025-04-23
Total Repurchase Payment: 15589962.62
Repurchase Instrument Valuation Date: 2025-03-31
Form Type: SC TO-I
Filing Date: 2025-04-16
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525081982
Filing Summary: Alpha Core Strategies Fund, a diversified closed-end management investment company, has filed a tender offer to purchase its own Common Units of Beneficial Interest with an aggregate net asset value of $75,000,000. As of February 28, 2025, there were 24,009,516.9283 Common Units outstanding. Unitholders wishing to tender their units must do so by the Expiration Date of May 14, 2025, at 5:00 p.m. Central Time. The payment for tendered units will be the net asset value determined as of June 30, 2025. This tender offer is part of the Fund’s plan to conduct quarterly tender offers and aims to provide liquidity to its investors. The Fund does not currently plan any major structural changes or extraordinary transactions besides these quarterly tender offers. The filing includes detailed terms and conditions under which the tender offer will occur, ensuring that unitholders are adequately informed about the process.
Additional details:
Issuer Name: Alpha Core Strategies Fund
Issuer Type: closed-end management investment company
Aggregate Npv: $75,000,000
Common Units Outstanding: 24,009,516.9283
Expiration Date: 2025-05-14
Valuation Date: 2025-06-30
Net Asset Value Per Unit: $23.4375
Escrow Agent: The Bank of New York Mellon
Payment Terms: non-interest bearing, non-transferable, and non-negotiable
Form Type: SC TO-I/A
Filing Date: 2025-02-13
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525025544
Filing Summary: This document is the Amendment No. 1 to the Issuer Tender Offer Statement on Schedule TO for Alpha Core Strategies Fund, filed with the SEC on February 13, 2025. The tender offer was initiated to purchase up to an aggregate net asset value of $55,000,000 worth of common units of beneficial interest from the Fund's unitholders. The offer period terminated on November 15, 2024, at 5:00 p.m. Central Time, during which 1,480,228.1494 common units were tendered and accepted. Payment to unitholders was made via a repurchase instrument, with a valuation date of December 31, 2024. A total of $34,327,081.97 was collectively paid out to unitholders by January 28, 2025, for the accepted tenders.
Additional details:
Issuer Name: Alpha Core Strategies Fund
Offer Type: issuer tender offer
Expiration Date: 2024-11-15
Units Tendered: 1,480,228.1494
Total Payment Amount: 34,327,081.97
Valuation Date: 2024-12-31
Form Type: SC TO-I
Filing Date: 2025-01-16
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525007344
Filing Summary: Alpha Core Strategies Fund has initiated a tender offer to purchase up to $45,000,000 worth of its own Common Units of Beneficial Interest. As of November 29, 2024, there were 25,490,486.8572 Common Units outstanding. The offer is set to expire on February 14, 2025, at 5:00 p.m. Central Time. Unitholders wishing to participate in the tender must submit their units by the expiration date. The purchase will be based on the net asset value (NAV) determined on March 31, 2025. The Fund intends to make quarterly tender offers in line with this, and the terms regarding payments and instrument issuance have been explicitly defined. The Fund currently operates under a master/feeder structure, and no significant changes in management or capital structure are planned. Payment for the repurchased units will be structured through a non-interest bearing, non-transferable Repurchase Instrument, which will be held in escrow by The Bank of New York Mellon.
Additional details:
Title Of Class Of Securities: Common Units of Beneficial Interest
Cusip Number: N/A
Total Common Units Outstanding: 25,490,486.8572
Tender Offer Value: $45,000,000
Expiration Date: 2025-02-14
Valuation Date: 2025-03-31
Payment Date: no later than the later of thirty days after the Valuation Date or within ten business days after the Fund has received at least 90% of the aggregate amount withdrawn from the Sub-Funds.
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