Tender Offer - Institutional Investment Strategy Fund
Form Type: N-23C3A
Filing Date: 2025-06-30
Corporate Action: Tender-offer
Type: New
Accession Number: 000197668525000022
Filing Summary: On June 27, 2025, the Institutional Investment Strategy Fund initiated its quarterly share repurchase program, allowing shareholders to sell up to 5% of the Fund's outstanding shares at the Net Asset Value (NAV). The repurchase period begins on June 27, 2025, with a deadline for submitting repurchase requests set for July 28, 2025, at 4:00 p.m. ET. The NAV per share was reported at $11.40 for Founder Class shares and $11.39 for Investor Class shares as of June 26, 2025. Payments for repurchased shares will be made by wire transfer no later than August 4, 2025. Shareholders can withdraw or modify their repurchase requests until the deadline. The Fund may suspend or postpone this offer under certain circumstances, and no recommendation on whether to tender shares is provided by the Fund's trustees or management.
Additional details:
Exact Name: INSTITUTIONAL INVESTMENT STRATEGY FUND
Principal Executive Office: 2261 Market Street #5190 San Francisco, CA 94114
Repurchase Request Deadline: 2025-07-28T16:00:00Z
Net Asset Value Founder Class: 11.40
Net Asset Value Investor Class: 11.39
Repurchase Pricing Date: 2025-07-28
Payment Deadline: 2025-08-04
Tender Offer Percentage: 5
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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