Tender Offer - CAZ Strategic Opportunities Fund
Form Type: SC TO-I
Filing Date: 2025-05-15
Corporate Action: Tender-offer
Type: New
Accession Number: 000158064225003125
Filing Summary: CAZ Strategic Opportunities Fund is initiating a tender offer to purchase shares of beneficial interest from its shareholders, with the offer commencing on May 15, 2025. The Fund intends to buy back up to 5% of its net assets as calculated based on a previous NAV calculation date, specifically seeking to purchase Class E, Class F, Class I, and Class R Shares. The offer includes important deadlines: a Notice Date and Expiration Date by which shareholders must notify the Fund if they wish to tender their shares, as well as procedures for withdrawing tender requests. The value of the shares to be repurchased will be determined at the end of a Valuation Date, with payment expected to be made by August 15, 2025. Shareholders are warned that there's an Early Repurchase Fee applicable if shares are tendered before being held for at least one year. The offer emphasizes that the specific terms may change if the Fund decides to extend the offer period, and all shareholders are advised of limits on tendering their shares if aggregate values fall below specific thresholds. The document details the implications of the tender offer, including tax considerations for shareholders, particularly those in foreign jurisdictions, as well as the options available for shareholders wishing to withdraw their tenders before the final acceptance date.
Additional details:
Name Of Subject Company: CAZ Strategic Opportunities Fund
Name Of Filing Person: CAZ Strategic Opportunities Fund
Title Of Class Of Securities: Shares of Beneficial Interest
Name Of Financial Adviser: CAZ Investments Registered Adviser LLC
Acceptance Date: 2025-07-15
Valuation Date: 2025-06-30
Payment Deadline Date: 2025-08-15
Early Repurchase Fee: 2%
Form Type: SC TO-I/A
Filing Date: 2025-05-09
Corporate Action: Tender-offer
Type: Update
Accession Number: 000158064225003046
Filing Summary: CAZ Strategic Opportunities Fund has filed a final amendment to its tender offer statement originally filed on January 30, 2025, regarding the purchase of shares amounting to approximately 5% of the net assets of the Fund, which were valued at $179,854,298.03 as of December 31, 2024. The offer, which expired on February 28, 2025, at 11:59 pm Eastern Time, saw the tendering of 0 Class E Shares, 14,726.185 Class F Shares, and 29,766.868 Class R Shares. The requested repurchase included 14,726.185 Class F Shares and 29,766.868 Class R Shares, which were accepted in accordance with the terms of the Offer. The valuation date for the shares tendered was March 31, 2025, with net asset values calculated at $22.95 for Class F Shares and $22.82 for Class R Shares. Payments of $337,965.95 and $679,279.93 were made to shareholders of Class F Shares and Class R Shares respectively, representing 100% of the amounts payable under the offer, executed on or about May 4, 2025.
Additional details:
Date Tender Offer First Published: 2025-01-30
Offer Expiration Date: 2025-02-28
Class E Shares Tendered: 0
Class F Shares Tendered: 14726.185
Class I Shares Tendered: 0
Class R Shares Tendered: 29766.868
Class F Shares Accepted For Repurchase: 14726.185
Class R Shares Accepted For Repurchase: 29766.868
Class F Shares Net Asset Value: 22.95
Class R Shares Net Asset Value: 22.82
Total Payment Class F Shares: 337965.95
Total Payment Class R Shares: 679279.93
Payment Date: 2025-05-04
Form Type: SC TO-I
Filing Date: 2025-01-30
Corporate Action: Tender-offer
Type: New
Accession Number: 000158064225000604
Filing Summary: CAZ Strategic Opportunities Fund is initiating a tender offer for up to 5% of its net assets, inviting shareholders to tender shares pursuant to this offer. The announcement details important dates associated with the tender process, including the Commencement Date (January 30, 2025), Notice Date (February 28, 2025), Expiration Date (February 28, 2025), Acceptance Date (March 28, 2025), and Payment Deadline (May 4, 2025). Shareholders must provide notice of their intent to tender by the Notice Date and may withdraw their tenders until the Expiration Date. The net asset value per class of shares will be calculated as of the Valuation Date, with subsequent payments made to shareholders for accepted tenders. The filing outlines the procedure for shareholders to submit their tenders, the role of the Fund in acceptance, and the implications of the tender on individual tax consequences. It emphasizes that the offer may be amended or extended under certain conditions and warns shareholders of potential risks associated with reduced diversification post-tender. The Fund also reserves the right to repurchase shares compulsorily under specific circumstances regarding minimum investment amounts.
Additional details:
Prior Nav Calculation Date: 2024-12-31
Commencement Date: 2025-01-30
Notice Date: 2025-02-28
Expiration Date: 2025-02-28
Acceptance Date: 2025-03-28
Valuation Date: 2025-03-31
Payment Deadline Date: 2025-05-04
Early Repurchase Fee: 2%
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