Tender Offer - Institutional Investment Strategy Fund

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Form Type: N-23C3A

Filing Date: 2025-03-28

Corporate Action: Tender-offer

Type: New

Accession Number: 000197668525000008

Filing Summary: The Institutional Investment Strategy Fund initiates a quarterly share repurchase offer, beginning on March 28, 2025, to repurchase up to five percent of its outstanding shares at the net asset value (NAV). This offer is designed to provide liquidity to investors as shares are not readily marketable. The repurchase request deadline is set for April 28, 2025 at 4:00 p.m. ET, after which payment will be processed by May 5, 2025. Shareholders may modify or withdraw their repurchase requests via the Ivy Invest app until the deadline. The Fund emphasizes that shareholders are not obligated to sell their shares and outlines the conditions under which the repurchase offer may be suspended or postponed. It provides specific NAVs for different share classes and informs shareholders of the implications of withdrawing shares for tax purposes.

Additional details:

Investment Company Name: Institutional Investment Strategy Fund

Principal Executive Office Address: 2261 Market Street #5190 San Francisco, CA 94114

Share Repurchase Percentage: 5%

Repurchase Request Deadline: 2025-04-28T16:00:00-04:00

Repurchase Pricing Date: 2025-04-28

Payment Date: 2025-05-05

Nav Founder Class: 10.84

Nav Investor Class: 10.83

Form Type: N-23C3A

Filing Date: 2025-02-03

Corporate Action: Tender-offer

Type: New

Accession Number: 000197668525000004

Filing Summary: The Institutional Investment Strategy Fund has announced a quarterly share repurchase offer. The offer allows shareholders to sell a portion of their shares, with the offer period beginning on December 27, 2024. The fund intends to repurchase up to 5% of its outstanding shares based on the Net Asset Value (NAV) as of the close of the NYSE on January 27, 2024. Shareholders can submit repurchase requests through the Ivy Invest app, with a strict deadline set for 4:00 p.m. Eastern Time on January 27, 2024. Payment for shares repurchased will be made via ACH to shareholders' bank accounts no later than seven days after the Repurchase Pricing Date. The document outlines the conditions of the repurchase offer, including potential prorating if the number of shares tendered exceeds the number of shares offered for repurchase. It emphasizes the importance of understanding the liquidity constraints of the fund, as shares are not redeemable daily and have no secondary market.

Additional details:

Investment Company Name: Institutional Investment Strategy Fund

Repurchase Offer Start Date: 2024-12-27

Repurchase Request Deadline: 2024-01-27

Net Asset Value Per Share: 11.13

Repurchase Pricing Date: 2024-01-27

Payment Deadline: 2024-02-04

Percentage Of Shares Repurchase: 5

Shareholder Contact Email: [email protected]

Repurchase Method: ACH

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