Tender Offer - Princeton Everest Fund
Form Type: SC TO-I/A
Filing Date: 2025-06-30
Corporate Action: Tender-offer
Type: Update
Accession Number: 000158064225003952
Filing Summary: This document is an amendment to the tender offer statement filed by Princeton Everest Fund under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934. It provides details of an issuer tender offer to purchase shares amounting to approximately 5% of the net assets of the Fund, valued at $7,390,627.96. The tender offer first published on December 20, 2024, has been finalized. The offer expired at the end of January 22, 2025, with 141,865.61 shares validly tendered and accepted for repurchase. Payment was made in the form of a promissory note, which the Fund settled on or about May 23, 2025, amounting to $2,068,323.12. The document indicates that this is the final amendment related to the results of the tender offer.
Additional details:
Tender Offer Expiration Date: 2025-01-22
Shares Tendered: 141,865.61
Shares Accepted: 141,865.61
Repurchase Price: $2,068,323.12
Payment Date: 2025-05-23
Form Type: SC TO-I
Filing Date: 2025-06-20
Corporate Action: Tender-offer
Type: New
Accession Number: 000158064225003764
Filing Summary: Princeton Everest Fund has announced a tender offer for its Class A, Class I, Class II, and Class L shares of beneficial interest. The offer will allow shareholders to sell shares at their aggregate net asset value as calculated as of September 30, 2025, with no transaction fees unless shares have been held for less than a year, which incurs a 2% early repurchase fee. The tender offer opens on June 20, 2025 and will expire on July 18, 2025, unless extended by the Fund. It reserves the right to adjust terms based on subscription levels. Payment will be done through promissory notes, with initial payments expected within 60 days post-Valuation date. Shareholders can tender all or part of their shares, but must maintain minimum balance requirements. If the offer is oversubscribed, the Fund can either extend the offer, accept a pro rata portion of shares, or amend other terms. The Fund’s objective with this offer is to provide liquidity for its shareholders while managing its total asset base effectively.
Additional details:
Tender Offer Expiration Date: 2025-07-18
Maximum Tender Offer Amount: 6968826.07
Net Asset Value As Of March 31 2025: 139376521.47
Minimum Account Balance Required: minimum investment amount applicable to the relevant share class
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.
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.
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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