Tender Offer - SEI Alternative Income Fund
Form Type: N-23C3A
Filing Date: 2025-06-04
Corporate Action: Tender-offer
Type: New
Accession Number: 000139834425011220
Filing Summary: SEI Alternative Income Fund has issued a notification regarding a periodic repurchase offer required under paragraph (b) of Rule 23c-3 of the Investment Company Act of 1940. This quarterly repurchase offer allows shareholders to sell a portion of their shares back to the fund, thus providing liquidity as the shares are not traded on any organized market. The repurchase offer commences on May 30, 2025, with a Repurchase Request Deadline set for June 30, 2025, by 4:00 p.m. Eastern Time. The Repurchase Pricing Date aligns with the request deadline, and payments for shares repurchased are expected to occur within seven calendar days after this date. The fund is allowing a buy-back of up to five percent of its outstanding shares, with provisions in place for potential oversubscription, including a pro-rata approach if necessary. Shareholders are advised to submit their request forms correctly and within the stipulated time frame to ensure acceptance of their repurchase requests. Tax implications of participation were also discussed, emphasizing that any tendering of shares may result in a taxable event depending on the shareholder's holding period for the shares. Shareholders are encouraged to independently evaluate whether to participate in the offer and to consult with their financial advisors.
Additional details:
Investment Company Name: SEI Alternative Income Fund
Investment Company File Number: 811-23861
Repurchase Request Deadline: 2025-06-30T16:00:00-04:00
Repurchase Pricing Date: 2025-06-30
Repurchase Payment Date: 2025-07-01
Max Shares Repurchased Percent: 5
Additional Shares Repurchased Percent: 2
Pro Rata Shares: true
Form Type: N-23C3A
Filing Date: 2025-03-05
Corporate Action: Tender-offer
Type: New
Accession Number: 000139834425004732
Filing Summary: On March 5, 2025, SEI Alternative Income Fund filed a notification regarding a periodic repurchase offer as mandated under Rule 23c-3. The fund is a closed-end interval fund which provides shareholders with an opportunity for liquidity through quarterly repurchase offers. Shareholders may disregard this offer if they do not wish to participate. The key details of the repurchase offer include a Repurchase Request Deadline of March 31, 2025, a Repurchase Pricing Date also on March 31, 2025, and anticipated payment dates for shares repurchased within one to three business days from the pricing date. The fund indicates it may only be able to repurchase a limited number of shares and may prorate purchases if demands exceed offerings. It is important to note that if shares are oversubscribed, there is a risk that not all tendered shares will be repurchased. Shareholders must ensure their documents are submitted by the specified deadline to facilitate the repurchase process. For tax implications, shareholders are advised to consult their tax professionals as any tender may be treated as a taxable event, with considerations influencing capital gains or losses depending on the duration of shareholding.
Additional details:
Investment Company Name: SEI Alternative Income Fund
Principal Office Address: One Freedom Valley Drive, Oaks, PA 19456
Repurchase Request Deadline: 2025-03-31T16:00:00-05:00
Repurchase Pricing Date: 2025-03-31
Repurchase Payment Date: 2025-04-01
Nav Class F: 10.38
Nav Class Y: 10.38
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