Tender Offer - Peachtree Alternative Strategies Fund
Form Type: SC TO-I
Filing Date: 2025-04-16
Corporate Action: Tender-offer
Type: New
Accession Number: 000158064225002405
Filing Summary: Peachtree Alternative Strategies Fund is initiating a tender offer to purchase up to 10% of the net asset value of its Institutional Shares, which may be tendered by shareholders. The offer is open to all current shareholders and runs until May 16, 2025. Payments for shares accepted in the tender offer will be based on the net asset value as of the designated Valuation Date, which is expected to be June 30, 2025. Shareholders tendering shares will receive at least 95% of the net asset value in cash for the shares accepted. The offer also includes provisions for shareholders to withdraw their tendered shares before the expiration date. The offer may be extended and shareholders may only receive a pro rata share of the purchase if the total shares tendered exceed the 10% limit.
Additional details:
Name Of Subject Company: Peachtree Alternative Strategies Fund
Title Of Class Of Securities: Institutional Shares
Counsel Name: Thomas G. Sheehan, Esq.
Counsel Firm: Practus, LLP
Counsel Address: 11300 Tomahawk Creek Pkwy, Suite 310, Leawood, KS 66211
Counsel Phone Number: 207-553-3834
Investment Adviser: HB Wealth Management, LLC
Principal Executive Officer: Ford Donohue
Principal Financial Officer: Zachary Richmond
Chief Compliance Officer: Martin Dean
Expiration Date: 2025-05-16
Minimum Investment Balance: 25000
Purchase Percentage: 10
Approximate Outstanding Shares: 2279470.466
Net Asset Value: 241942995.26
Form Type: SC TO-I/A
Filing Date: 2025-03-11
Corporate Action: Tender-offer
Type: Update
Accession Number: 000158064225001667
Filing Summary: This document is the final amendment to the Issuer Tender Offer Statement originally filed on October 16, 2024, by Peachtree Alternative Strategies Fund. The Fund offered to purchase up to 10% of its net asset value in Institutional Shares from shareholders. The tender period required Shareholders to submit their tenders by November 15, 2024. A total of 30,204.214 Shares were validly tendered and accepted. Payments for these shares totaled $3,146,976.88, paid on February 6, 2025. The Fund paid 95% of the value of the Shares based on the Valuation Date of December 31, 2024, with the remaining 5% expected to be paid within sixty days following the next annual audit, anticipated around June 2025.
Additional details:
Shareholders Tendered All Shares: 7
Total Shares Tendered: 30204.214
Total Payment Amount: 3146976.88
Valuation Date: 2024-12-31
Final Payment Timing: approximately June 2025
Form Type: SC TO-I
Filing Date: 2025-01-15
Corporate Action: Tender-offer
Type: New
Accession Number: 000158064225000319
Filing Summary: Peachtree Alternative Strategies Fund is conducting a tender offer to purchase up to 10% of the net asset value of its Institutional Shares from shareholders. The valuation date for this offer is set for March 31, 2025, unless extended. The fund will pay at least 95% of the unaudited net asset value of the shares accepted for purchase. Shareholders can tender all or part of their shares but must maintain a minimum investment balance of $25,000 post-tender. Payments will be made in cash, and there's a structured timeline for both initial and final payments upon acceptance of tendered shares. The offer is open until 11:59 PM Eastern Time on February 14, 2025. If demand exceeds the amount offered, shares will be purchased on a pro-rata basis. The fund also emphasizes shareholders' rights to withdraw their tender before the expiration date, and the potential risks for remaining shareholders due to the anticipated reduction of the fund’s total assets.
Additional details:
Title Of Class: Institutional Shares
Cusip Number: 70469B102
Maximum Number Of Shares: up to 10% of the net asset value
Valuation Date: March 31, 2025
Expiration Date: February 14, 2025
Minimum Investment Balance: $25,000
Tendering Method: cash payment
Minimum Cash Payment Percentage: 95%
Form Type: SC TO-I/A
Filing Date: 2024-12-13
Corporate Action: Tender-offer
Type: Update
Accession Number: 000158064224007562
Filing Summary: This document is a final amendment to the issuer tender offer statement originally filed on July 17, 2024, by Peachtree Alternative Strategies Fund. The amendment reports the results of the tender offer to purchase Institutional Shares from shareholders. The Fund aimed to repurchase up to 10% of its net asset value as of September 30, 2024. The offer required shareholders to submit tenders by August 14, 2024. A total of 46,573.297 Shares were validly tendered and were accepted for repurchase. The valuation date for the tendered Shares was September 30, 2024, and 37 Shareholders received a total payment of $5,018,272.65 on November 4, 2024, reflecting 95% of the value of the Shares at the valuation date, with the remaining 5% to be paid within sixty days post the next annual audit, expected around June 2025.
Additional details:
Tender Offer Amount: 10%
Shares Validly Tendered: 46,573.297
Total Payment: $5,018,272.65
Number Of Shareholders: 37
Partial Payment Percent: 95%
Final Payment Due: June 2025
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