Tender Offer - Variant Alternative Lending Fund

Form Type: SC TO-I

Filing Date: 2025-01-30

Corporate Action: Tender-offer

Type: New

Accession Number: 000121390025008462

Filing Summary: Variant Alternative Lending Fund is initiating a tender offer to purchase shares of beneficial interest in the Fund amounting to up to approximately 5.00% of the net assets, which equates to around $1,087,121 for about 43,287 shares from shareholders at their net asset value (NAV). The NAV per Institutional Class Share was reported at $25.11 as of January 27, 2025. Shareholders must tender their shares by 4:00 p.m. Eastern Time on February 28, 2025, unless extended by the Fund's Board. The Offer is not contingent on a minimum number of Shares being tendered and will be conducted on a first in-first out basis. Payments for tendered shares will be conducted in cash, potentially sourced from cash on hand, proceeds of sales of portfolio holdings, or borrowings. Shareholders can withdraw their tenders any time before the Offer's expiration and re-tender their shares as per the specified procedures. The Fund will not repurchase shares that would cause a shareholder's account balance to fall below a minimum of $1,000,000 unless the Board waives this requirement. The Offer aims to provide liquidity to current shareholders.

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