Tender Offers for JP MORGAN ACCESS MULTI-STRATEGY FUND LLC

Form Type: SC TO-I

Filing Date: 2024-12-23

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312524283946

Comments: On December 23, 2024, J.P. Morgan Access Multi-Strategy Fund, L.L.C. filed a tender offer to repurchase up to 35% of its net assets from members at their net asset value. The members must submit their tender requests by January 23, 2025, by 11:59 p.m. New York time. The net asset value determining the purchases will be calculated as of March 31, 2025. Members who wish to cancel their tenders can do so until the Notice Due Date, after which they may also cancel if their tender has not been accepted. Each member who submits a tender will receive a non-interest bearing promissory note, which will detail their payment entitling them to the net asset value of the interest tendered. The fund reserves the right to extend the offer or adjust the repurchase date as outlined in the offer documents. The fund aims to provide liquidity to its members while explaining risks involved such as increased volatility, reduced diversification, and potential changes in asset values.

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