Tender Offer - Alpha Core Strategies Fund

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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.

Document Link: View Document

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.

Document Link: View Document

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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