Tender Offer - Princeton Everest Fund

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Form Type: SC TO-I

Filing Date: 2025-03-21

Corporate Action: Tender-offer

Type: New

Accession Number: 000158064225001834

Filing Summary: On March 21, 2025, Princeton Everest Fund announced a tender offer for its Class A, Class I, Class II, and Class L shares of beneficial interest. The Fund will repurchase shares at their aggregate net asset value as of June 30, 2025, with the offer remaining open until April 21, 2025. Shareholders may tender some or all of their shares, but must maintain a minimum account balance requirement. If the offer is oversubscribed, the Fund reserves the right to either extend the offer, repurchase shares on a pro-rata basis, or take any other lawful action. Payment for repurchased shares will be issued in the form of promissory notes, with initial payments equal to at least 95% of the shares' unaudited net asset value. The Fund does not impose charges on share repurchases except for shares held less than one year. The overall goal of the tender offer is to provide liquidity to shareholders while potentially recalibrating the Fund's asset structure by reducing the size of the Fund.

Document Link: View Document

Additional details:

Class Of Securities: Class A, Class I, Class II, Class L

Cik Number: 74234P107, 74234P206, 74234P404, 743234P701

Tender Offer Expiration Date: 2025-04-21

Net Asset Value As Of Date: 2024-12-31

Net Asset Value: 146607892.75

Maximum Amount Of Shares For Repurchase: 7330394.64

Form Type: SC TO-I/A

Filing Date: 2025-03-11

Corporate Action: Tender-offer

Type: Update

Accession Number: 000158064225001646

Filing Summary: Princeton Everest Fund filed its Schedule TO tender offer statement, updating an issuer tender offer for its Class A, Class I, Class II, and Class L Shares of beneficial interest. The filing reports the culmination of an offer by the Fund to repurchase shares valued at approximately $7,279,257.28, allowing the acquisition of up to 5% of the Fund's net assets. The offer initially published on June 21, 2024, expired on July 22, 2024. A total of 269,495.023 shares were tendered, with 269,496.023 shares accepted for repurchase. Payment for these shares was executed via a promissory note for a total of $3,957,215.68, which was settled by November 22, 2024.

Document Link: View Document

Additional details:

Tender Offer Expiration Date: 2024-07-22

Shares Tendered: 269495.023

Shares Accepted: 269496.023

Repurchase Price: 3957215.68

Payment Date: 2024-11-22

Transaction Valuation: 7279257.28

Amount Of Filing Fee: 1074.42

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