Tender Offer - Palmer Square Opportunistic Income Fund
Form Type: N-23C3A
Filing Date: 2025-04-16
Corporate Action: Tender-offer
Type: New
Accession Number: 000139834425007197
Filing Summary: On April 16, 2025, Palmer Square Opportunistic Income Fund filed a notification of a quarterly repurchase offer to its shareholders, allowing for the repurchase of up to 10% of its outstanding shares at net asset value (NAV). Shareholders holding shares as of March 31, 2025, are eligible to tender their shares for repurchase between April 11, 2025, and May 2, 2025, at 4:00 p.m. ET. The repurchase pricing date will be determined on May 2, 2025, and payment will be distributed between one to three business days following that date. If the offer is oversubscribed, the Fund may increase the number of shares to be repurchased by up to an additional 2% on a pro rata basis, but there is no guarantee that all shares tendered will be accepted. The Fund emphasizes that a repurchase may result in tax implications, and shareholders should consult their tax advisors. Further information is provided in the enclosed repurchase offer documents and prospectus, with a service representative available for questions.
Additional details:
Investment Company File Number: 811-22969
Repurchase Period Start: 2025-04-11
Repurchase Period End: 2025-05-02
Repurchase Request Deadline: 2025-05-02T16:00:00Z
Repurchase Pricing Date: 2025-05-02
Maximum Percentage Repurchased: 10
Additional Oversubscription Limit: 2
Payment Distribution Window: 1-3 business days after pricing date
Tax Implications: Shareholders should consult their tax advisers regarding potential tax consequences.
Form Type: N-23C3A
Filing Date: 2025-01-17
Corporate Action: Tender-offer
Type: New
Accession Number: 000139834425000748
Filing Summary: Palmer Square Opportunistic Income Fund announced a quarterly share repurchase offer for its shareholders. This offer aims to provide liquidity to shareholders as the fund operates as a closed-end interval fund without daily cash redemption for its shares. The repurchase offer allows shareholders to tender up to 10% of the issued and outstanding shares at the fund's net asset value (NAV). The period for submitting repurchase requests begins on January 14, 2025, and ends at 4:00 p.m. ET on February 7, 2025. Shareholders who wish to participate must submit a properly completed Repurchase Request Form to the Fund's transfer agent by the stated deadline. The payment for shares repurchased is expected to occur within one to three business days following the repurchase pricing date. The Fund may also increase the number of shares offered for repurchase if the initial offer is oversubscribed. It is advised that shareholders consult with their financial or tax advisers since repurchases may be subject to tax implications.
Additional details:
Investment Company Name: Palmer Square Opportunistic Income Fund
Repurchase Offer Start Date: 2025-01-14
Repurchase Offer End Date: 2025-02-07
Percentage Of Shares Offered: 10
Nave Determine Date: 2025-02-07
Repurchase Payment Date: expected within 7 calendar days after repurchase pricing date
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