Tender Offer - iDirect Private Markets Fund

Form Type: SC TO-I

Filing Date: 2025-02-14

Corporate Action: Tender-offer

Type: New

Accession Number: 000158064225001007

Filing Summary: iDirect Private Markets Fund is issuing a tender offer to purchase shares from its shareholders. The tender offer commences on February 14, 2025, and the Fund intends to buy back shares amounting up to 5% of its net assets calculated as of the valuation date. Shareholders can notify the Fund of their intention to tender their shares by March 25, 2025, with a final expiration date for the offer set on March 27, 2025. Upon acceptance of the tendered shares, shareholders will receive a non-interest bearing promissory note that reflects the value of their tendered shares less any applicable early repurchase fee. The document outlines specific policies surrounding share tendering, withdrawal rights, and the conditions under which the tender offer may be extended or canceled. It also discusses potential tax implications for shareholders participating in the tender offer, including tax treatments on gain or loss recognized from the sale of shares and provisions for foreign shareholders. Additionally, it details the rights of shareholders, procedures for executing a tender, and the process for cancelling or amending the offer.

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