Tender Offer - Ironwood Institutional Multi-Strategy Fund LLC
Form Type: SC TO-I
Filing Date: 2025-02-26
Corporate Action: Tender-offer
Type: New
Accession Number: 000114036125006050
Filing Summary: Ironwood Institutional Multi-Strategy Fund LLC is initiating a tender offer for the repurchase of up to 20% of its outstanding Units as of June 30, 2025. The Units will be purchased at their net asset value, minus an Early Repurchase Fee for those held for less than one year. Members can tender any or all of their Units until March 27, 2025. The offer is subject to certain conditions and may be adjusted by the Fund's Board. The Fund also reserves the right to suspend or postpone the offer under certain circumstances. Members will receive confirmation of their tendering, and payment for repurchased Units may take various forms, including cash or promissory notes, with specific processes for determining amounts.
Additional details:
Units Outstanding: 4,495,744.175
Net Asset Value: 5,402,250,907
Repurchase Date: 2025-06-30
Offer Acceptance Deadline: 2025-03-27
Early Repurchase Fee Percentage: 5
Minimum Aggregate Net Asset Value: 25000
Form Type: SC TO-I/A
Filing Date: 2025-02-07
Corporate Action: Tender-offer
Type: Update
Accession Number: 000114036125003510
Filing Summary: This document is a final amendment to the Tender Offer Statement filed under Schedule TO by Ironwood Institutional Multi-Strategy Fund LLC. The tender offer allows the Fund to purchase up to 20% of the outstanding Units of Limited Liability Company Interest, amounting to a valuation of approximately $1,007,236,139 based on the net asset value as of July 31, 2024. The tender offer originally started on August 28, 2024, requiring members to submit their tenders by September 27, 2024. A total of 217,987.482 Units were validly tendered and accepted for repurchase, resulting in a net asset value of $257,574,687.43 for the units tendered. Payments for tendered units were processed, with members receiving their share less an Early Repurchase Fee if applicable. Payments were made on or about January 27, 2025, with further payments contingent upon the final net asset value of the tendered units. The document finalizes the reporting of these actions.
Additional details:
Transaction Valuation: $1,007,236,139
Amount Of Filing Fee: $148,668.05
Previously Paid Amount: $148,668.05
Filing Party: Ironwood Institutional Multi-Strategy Fund LLC
Initial Payment Date: January 27, 2025
Subsequent Payment Date: April 30, 2025
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