Tender Offer - J.P. Morgan Access Multi-Strategy Fund II
Form Type: SC TO-I
Filing Date: 2025-03-28
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525066250
Filing Summary: The J.P. Morgan Access Multi-Strategy Fund II is conducting a tender offer to repurchase Shares from Shareholders, offering to purchase up to 35% of the Fund's net assets at their net asset value. The offer is scheduled to expire on April 25, 2025. Shareholders can tender all or a portion of their Shares by the Initial Notice Due Date. The Fund will issue non-interest bearing promissory notes to Shareholders for the net asset value of submitted Shares after the Repurchase Date. The amount paid will include an initial payment of at least 95% of the unaudited net asset value, with potential contingent payments following an annual audit. A Repurchase Fee of 1.5% will be charged on any repurchase within one year of purchase. The Fund emphasizes liquidity for Shareholders and is prepared to purchase Shares without minimum conditions on the volume tendered. The process includes provisions for cancellation and re-tendering of Shares by Shareholders prior to the expiration date. The Fund reserves discretion to amend, extend, or cancel the Offer and highlights potential tax implications for Shareholders.
Document Link: View Document
Additional details:
Shareholder Minimum Balance: 50000
Repurchase Fee: 1.5%
Notice Due Date: April 25, 2025
Repurchase Date: June 30, 2025
Form Type: SC TO-I/A
Filing Date: 2025-02-26
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525036438
Filing Summary: This document serves as the final amendment to the Issuer Tender Offer Statement originally filed on September 26, 2024, by J.P. Morgan Access Multi-Strategy Fund II in connection with the Offer to purchase up to 35 percent of the shares in the Fund. The Offer expired at 11:59 p.m. on October 25, 2024, and shares valued at $412,178.96 were validly tendered and accepted for purchase. Payment of $391,570.02 was executed using a non-interest bearing promissory note, with initial payment made to shareholders on February 14, 2025. The remaining balance will be paid following the completion of the Fund's annual audit for the fiscal year ending March 31, 2025, expected to conclude no later than May 31, 2025.
Document Link: View Document
Additional details:
Shares Tendered Value: 412178.96
Payment Value: 391570.02
Payment Date: 2025-02-14
Audit Completion Date: 2025-05-31
Form Type: SC TO-I
Filing Date: 2024-12-23
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312524283952
Filing Summary: J.P. Morgan Access Multi-Strategy Fund II is initiating a tender offer to purchase shares of beneficial interest in the Fund, with a cap of 35% of the Fund's net assets from shareholders. The tender offer will accept submissions until 11:59 p.m. on January 23, 2025, which is the official expiration date of the offer, although extensions may occur at the discretion of the Fund's Board of Trustees. The repurchase will be executed at the net asset value of shares as of March 31, 2025, but may be adjusted based on audit results thereafter. Shareholders may tender all or part of their shares, but those who tender to a level below a $50,000 minimum account balance may have their repurchases reduced. The process includes detailed provisions regarding repurchase fees, payment terms through notes, and potential adjustments to payments. Shareholders retain the right to cancel tenders prior to the expiration, and should note that their remaining holdings may become riskier due to the reduced asset base of the Fund following accepted shares repurchases. This offer provides an avenue for liquidity for shareholders wishing to exit or reduce their investments in the Fund, emphasizing the Fund's management discretion in operational procedures concerning future repurchases and share subscriptions.
Document Link: View Document
Additional details:
Shareholder Minimum Balance: 50000
Repurchase Fee: 1.5%
Initial Payment Timing: 45 days after the Repurchase Date
Post Audit Payment Timing: promptly after the completion of the next annual audit
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