Tender Offer - North Square Evanston Multi-Alpha Fund

Form Type: SC TO-I

Filing Date: 2025-06-26

Corporate Action: Tender-offer

Type: New

Accession Number: 000158064225003856

Filing Summary: On June 26, 2025, North Square Evanston Multi-Alpha Fund filed a Tender Offer Statement pursuant to Section 13(e)(1) of the Securities Exchange Act of 1934, regarding its intent to repurchase Class A and Class I Shares from its shareholders. The Fund is offering to repurchase up to $12,096,544, which constitutes 15% of the net assets calculated as of April 30, 2025. The Offer allows shareholders to tender their Shares until July 25, 2025, after which they may withdraw their tenders until the expiration date. The repurchase is subject to deducting the Management Fee from Fund assets. The Fund will use cash on hand, proceeds from portfolio securities, or borrowings to fund the repurchase. A fee of 3% applies to shares tendered within a year of purchase. Shareholders must maintain a minimum account balance of $25,000 after any repurchase unless waived by the Investment Manager. The Offer provides liquidity to shareholders but may lead to higher expense ratios for remaining shareholders.