Tender Offer - Dynamic Alternatives Fund

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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.

Document Link: View Document

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.

Document Link: View Document

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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