Tender Offers for J.P. Morgan Access Multi-Strategy Fund II

Form Type: SC TO-I

Filing Date: 2024-12-23

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312524283952

Comments: 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.

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