Tender Offer - Dynamic Alternatives Fund
Form Type: SC TO-I
Filing Date: 2025-07-09
Corporate Action: Tender-offer
Type: New
Accession Number: 000158064225004189
Filing Summary: On July 9, 2025, Dynamic Alternatives Fund filed a Tender Offer Statement (SC TO-I) as part of an issuer tender offer under Rule 13e-4 of the Securities Exchange Act of 1934. The Fund is offering to purchase shares of its own beneficial interest from shareholders in an amount up to 5% of the Fund's net assets, calculated as of the Valuation Date, at the net asset value (NAV) per share, minus any Repurchase Expenses. Tendering shareholders have until August 12, 2025, to notify the Fund of their desire to tender shares, and they can withdraw tenders until the Expiration Date, September 10, 2025. Shareholders will be paid cash for shares sold, or if all shares are tendered, they will receive a non-interest bearing promissory note, which will lead to payment after the notice and expiration dates. The Fund anticipates that the NAB per share and associated payments will be determined promptly following the Valuation Date, subject to the completion of its annual audit. Significant dates, terms, and procedures regarding the tender offer are detailed in the filing, emphasizing the shareholder's rights to withdraw tenders and the conditions under which the offer may be canceled or extended.
Additional details:
Name Of Subject Company: Dynamic Alternatives Fund
Name Of Filing Person: Dynamic Alternatives Fund
Title Of Class Of Securities: shares of beneficial interest
Cusip Number: N/A
Contact Name: William A. Leuby
Contact Address: 5025 Arlington Centre Blvd., Suite 300, Columbus, Ohio 43220
Contact Phone: (614) 273-1000
Adviser Name: Hamilton Capital, LLC
Adviser Phone: (614) 273-1000
Prior Nav Calculation Date: 2025-05-31
Commencement Date: 2025-07-15
Notice Date: 2025-08-12
Expiration Date: 2025-09-10
Valuation Date: 2025-09-30
Net Asset Value Of Fund: 273782166
Net Asset Value Per Share: 10.94
Shares Outstanding: 25027862
Form Type: SC TO-I
Filing Date: 2025-04-11
Corporate Action: Tender-offer
Type: New
Accession Number: 000158064225002328
Filing Summary: Dynamic Alternatives Fund is initiating a tender offer to purchase up to 5% of its net assets from shareholders. The offer is open from April 18, 2025, with a Notice Date on May 16, 2025, and an Expiration Date set for June 16, 2025. Shareholders must provide notice of their intent to tender shares by 11:59 P.M., Eastern time on the Notice Date. If tendered shares are fully accepted, shareholders will receive a non-interest bearing, non-transferable promissory note for the net asset value of the shares, minus any repurchase expenses. The Fund reserves the right to extend the offer and to ensure a pro-rata distribution if more than 5% of the shares are tendered. In addition, shareholders have the option to withdraw their tender up to the Expiration Date. The fund will determine the net asset value per share based on calculations made as of the Valuation Date (June 30, 2025).
Additional details:
Shareholder Shares Outstanding: 22014716
Net Asset Value: 236438046.16
Net Asset Value Per Share: 10.74
Tender Offer Amount: 5% of net assets
Form Type: 486BPOS
Filing Date: 2025-01-27
Corporate Action: Tender-offer
Type: New
Accession Number: 000158064225000477
Filing Summary: Dynamic Alternatives Fund is a Delaware statutory trust registered under the Investment Company Act of 1940 as a closed-end management investment company. The Fund operates as a tender offer fund, adhering to Rule 13e-4 of the Securities Exchange Act of 1934. Its investment objective is to seek total returns through a mix of capital appreciation and income generation. The Fund dynamically allocates its assets among investments in private investment vehicles, termed Portfolio Funds, including hedge funds and private equity funds. Shares of the Fund are offered monthly, based on net asset value (NAV) per share, and shareholders have no redemption rights but may sell through periodic repurchase offers at the discretion of the Fund's Board of Trustees. The Fund intends to conduct quarterly repurchase offers for up to 5% of its outstanding shares at NAV, maintaining a structure that presents substantial investment risk, including low liquidity and high levels of uncertainty regarding returns.
Additional details:
Business Contact Member: William A. Leuby, Hamilton Capital, LLC, 5025 Arlington Centre Blvd., Suite 300, Columbus, Ohio 43220
Investment Management Agreement: Hamilton Capital, LLC serves as the Fund's investment adviser.
Minimum Initial Investment: $25,000
Minimum Additional Investment: $10,000
Total Registered Shares: $250,000,000
Repurchase Offer Frequency: quarterly
Maximum Repurchase Percentage: 5%
Form Type: SC TO-I
Filing Date: 2025-01-10
Corporate Action: Tender-offer
Type: New
Accession Number: 000158064225000215
Filing Summary: Dynamic Alternatives Fund is initiating a tender offer to purchase shares from shareholders, with specifics outlined regarding the purchase of up to 5% of the Fund's net assets. The tender offer is based on the net asset value (NAV) of the shares calculated as of a designated Valuation Date. Key dates include the Notice Date by which shareholders must express their intent to tender shares, the Expiration Date for withdrawal of tenders, and the Valuation Date for price determination. The offer is set to commence on January 16, 2025, with the NAV and other relevant details being available from the Fund. Shareholders retain the right to withdraw shares until the Expiration Date, and any shares not timely withdrawn will remain subject to the offer. Payment arrangements for accepted tendered shares include cash or promissory notes, and the document outlines potential tax implications for shareholders participating in the offer.
Additional details:
Date Prior Nav Calculation: 2024-11-29
Net Asset Value Total: 203270159
Number Of Shares Outstanding: 18332528
Nav Per Share: 11.09
Commencement Date: 2025-01-16
Notice Date: 2025-02-14
Expiration Date: 2025-03-17
Valuation Date: 2025-03-31
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