Tender Offer - Stone Ridge Trust V
Form Type: N-23C3A
Filing Date: 2025-05-16
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525121343
Filing Summary: On May 16, 2025, Stone Ridge Trust V announced a periodic repurchase offer for its closed-end interval fund, the Stone Ridge Alternative Lending Risk Premium Fund. This quarterly offer allows shareholders to tender up to 5% of the fund's outstanding shares at net asset value (NAV). The repurchase offer period commences on May 16, 2025, and closes at 4:00 p.m. ET on June 6, 2025. Shareholders are informed that this is a standard process to provide liquidity, allowing them to sell shares back to the fund according to specified redemption procedures. To participate, shareholders must submit their repurchase request by the deadline, and the proceeds from successful repurchases will be paid in cash no later than seven calendar days after the pricing date, which is also scheduled for June 6, 2025. Key instructions and deadlines for submitting repurchase requests are highlighted, stressing the importance of adhering to the specified processes to ensure successful participation in the offer. The document notes the potential for an oversubscription scenario, which may result in pro-rata reductions in the accepted shares.
Additional details:
Investment Company Name: Stone Ridge Trust V
Principal Executive Office Address: One Vanderbilt Avenue, 65th Floor New York City, NY 10017
Fund Name: Stone Ridge Alternative Lending Risk Premium Fund
Repurchase Request Deadline: 2025-06-06T16:00:00-05:00
Repurchase Pricing Date: 2025-06-06
Repurchase Offer Percentage: 5.0%
Current Nav Per Share: 46.14
Form Type: N-23C3A
Filing Date: 2025-02-14
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525026813
Filing Summary: On February 14, 2025, Stone Ridge Trust V issued a notification regarding a periodic repurchase offer for its closed-end interval fund, the Stone Ridge Alternative Lending Risk Premium Fund. The offer is set to allow shareholders to tender up to five percent (5.0%) of the outstanding shares at the net asset value (NAV) as of March 7, 2025. Shareholders are required to submit their repurchase requests through their broker-dealer or directly via U.S. Bank Global Fund Services, with a strict deadline of March 7, 2025, at 4:00 p.m. ET. The Fund emphasizes its limitation of the repurchase to a specified portion of shares, noting that it cannot guarantee the redemption of all submitted shares if the offer is oversubscribed. Further instructions are provided for those who wish to tender their shares, including details on taxation implications and the processes for withdrawal or modification of requests. Despite the absence of a repurchase fee, individual transaction fees may be imposed by intermediaries. The document outlines various conditions under which the repurchase offer can be suspended or postponed and the circumstances in which federal income tax consequences may apply.
Additional details:
Investment Company Name: Stone Ridge Trust V
Fund Name: Stone Ridge Alternative Lending Risk Premium Fund
Repurchase Request Deadline: 2025-03-07 16:00 ET
Repurchase Pricing Date: 2025-03-07
Maximum Percentage Repurchased: 5.0%
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