TIDMCIFU TIDMCIFR
RNS Number : 0909D
Carador Income Fund PLC
24 June 2019
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR
INDIRECTLY, TO U.S. PERSONS OR IN OR INTO THE UNITED STATES, ANY
MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED
KINGDOM OR IRELAND), CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH
AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION
OR RELEASE WOULD BE UNLAWFUL.
24 June 2019
Carador Income Fund plc (the "Company")
Partial Compulsory Redemption of U.S. Dollar Shares
This announcement contains inside information
Further to the approval given by the Company's Shareholders to
enable compulsory redemptions of the U.S. Dollar Shares (as
described in the Circular dated 23 November 2018), the Company
today announces that it will return c. US$14,200,000 by way of a
compulsory partial redemption of up to 21,152,986 U.S. Dollar
Shares (the "Fourth Redemption") on 28 June 2019 (the "Redemption
Date"), resulting in the redemption of 21.7560% of the existing
U.S. Dollar Shares.
The Fourth Redemption will be effected at per US$0.6713 Dollar
Share, being the NAV per U.S. Dollar Share as at 31 May 2019. The
Fourth Redemption will be effected pro rata to holdings of U.S.
Dollar Shares on the register at the close of business on the
Redemption Record Date, being 28 June 2019. As at today's date, the
Company has 97,228,388 U.S. Dollar Shares in issue, of which none
is held in treasury.
On this basis, a holder of 10,000 U.S. Dollar Shares will have
2,175 U.S. Dollar Shares redeemed, and receive US$1,460.07 in
cash.
Fractions of U.S. Dollar Shares will not be redeemed and so the
number of U.S. Dollar Shares to be redeemed for each shareholder
will be rounded down to the nearest whole number of U.S. Dollar
Shares.
The amount to be applied to the partial redemption of U.S.
Dollar Shares comprises monies from the Company's existing cash
balances.
All U.S. Dollar Shares that are redeemed will be cancelled with
effect from the relevant Redemption Date. Accordingly, once
redeemed, U.S. Dollar Shares will be incapable of transfer.
The U.S. Dollar Shares will be disabled in CREST after close of
business on the Redemption Date and the existing ISIN number
IE00BGLJXV92 (the "Old ISIN") will expire.
The new ISIN number IE00BK4Q0N64 (the "New ISIN") in respect of
the remaining U.S. Dollar Shares which have not been redeemed will
be enabled and available for transactions from and including 1 July
2019.
Up to and including the Redemption Date, U.S. Dollar Shares will
continue to be traded under the Old ISIN and as such, a purchaser
of such U.S. Dollar Shares would have a market claim for a
proportion of the redemption proceeds. CREST will automatically
transform any open transactions as at the Redemption Date into the
New ISIN.
Shareholders should note that the Board retains absolute
discretion as to the execution, extent and timing of any further
redemptions.
Expected timetable for redemption:
Redemption Record Date 28 June 2019
Redemption Date and expiry of 28 June 2019
Old ISIN number
New ISIN number enabled 1 July 2019
Redemption monies paid to uncertificated 9 July 2019
holdings and certificated holdings
Capitalised terms used but not defined in this announcement
shall bear the meanings ascribed to them in the Circular dated 23
November 2018.
Enquiries:
Jessica Mayer Tel: +44 20 7758 9028
GSO / Blackstone
Investor Relations and Client Service
Sam Battye Tel: +353 1 7766 589
State Street Fund Services (Ireland) Limited
Company Secretary
James Maxwell/ Ben Farrow Tel: +44 20 7496 3000
N+1 Singer
IMPORTANT INFORMATION
This announcement has been prepared by, and is the sole
responsibility of, the directors of the Company.
Nplus1 Singer Advisory LLP ("N+1 Singer") is acting only for the
Company in connection with the matters described in this
announcement and is not acting for or advising any other person, or
treating any other person as its client, in relation thereto and
will not be responsible for providing the regulatory protection
afforded to clients of N+1 Singer or advice to any other person in
relation to the matters contained herein.
This announcement should not be taken as an inducement to engage
in any investment activity and is for the purpose of providing
information about the Company. This announcement does not
constitute or form part of, and should not be construed as, any
offer for sale or subscription of, or solicitation of any offer to
buy or subscribe for, any share in the Company or securities in any
other entity, in any jurisdiction, including the United States, any
member state of the European Economic Area (other than the United
Kingdom or Ireland), Canada, Japan or South Africa nor shall it, or
any part of it, or the fact of its distribution, form the basis of,
or be relied on in connection with, any contract or investment
decision whatsoever, in any jurisdiction.
This announcement, and the information contained therein, is not
for viewing, release, distribution or publication in or into the
United States, any member state of the European Economic Area
(other than the United Kingdom or Ireland), Canada, Japan, South
Africa or any other jurisdiction where applicable laws prohibit its
release, distribution or publication, and will not be made
available to any national, resident or citizen of the United
States, any member state of the European Economic Area (other than
the United Kingdom or Ireland), Canada, Japan or South Africa.
The distribution of this announcement in other jurisdictions may
be restricted by law and persons into whose possession this
announcement comes must inform themselves about, and observe, any
such restrictions. Any failure to comply with the restrictions may
constitute a violation of the federal securities law of the United
States and the laws of other jurisdictions.
The shares issued and to be issued by the Company (the "Shares")
have not been and will not be registered under the US Securities
Act of 1933, as amended (the "Securities Act"), or with any
securities regulatory authority of any state or other jurisdiction
of the United States. The Shares may not be offered, sold, resold,
pledged, delivered, distributed or otherwise transferred, directly
or indirectly, into or within the United States, or to, or for the
account or benefit of, US persons (as defined in Regulation S under
the Securities Act). No public offering of the Shares is being made
in the United States.
The Company has not been and will not be registered under the US
Investment Company Act of 1940, as amended (the "Investment Company
Act") and, as such, holders of the Shares will not be entitled to
the benefits of the Investment Company Act. No offer, sale, resale,
pledge, delivery, distribution or transfer of the Shares may be
made except under circumstances that will not result in the Company
being required to register as an investment company under the
Investment Company Act. Neither the U.S. Securities and Exchange
Commission (the "SEC") nor any state securities commission has
approved or disapproved of the Shares or passed upon or endorsed
the merits of the offering of the Shares or the adequacy or
accuracy of the Prospectus. Any representation to the contrary is a
criminal offence in the United States. In addition, the Shares are
subject to restrictions on transferability and resale in certain
jurisdictions and may not be transferred or resold except as
permitted under applicable securities laws and regulations.
Investors may be required to bear the financial risks of their
investment in the Shares for an indefinite period of time. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdictions.
This announcement may include "forward-looking statements". All
statements other than statements of historical facts included in
this announcement, including, without limitation, those regarding
the Company's financial position, investment strategy, plans and
objectives are forward-looking statements.
Forward-looking statements are subject to risks and
uncertainties and accordingly the Company's actual future financial
results and performance may differ materially from the results and
performance expressed in, or implied by, the statements. These
forward-looking statements speak only as at the date of this
announcement. The Company expressly disclaims any obligation or
undertaking to update or revise any forward-looking statements
contained herein to reflect actual results or any change in the
assumptions, conditions or circumstances on which any such
statements are based unless required to do so by the Financial
Services and Markets Act 2000, the Prospectus Rules of the
Financial Conduct Authority or other applicable laws, regulations
or rules.
The Company is an investment company with variable capital
incorporated under the laws of Ireland and authorised by the
Central Bank of Ireland as a professional investor fund. A copy of
the Company's prospectus and key information document may be
obtained from the website of the Company at www.carador.co.uk.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
CASLLFVERIILFIA
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June 24, 2019 02:01 ET (06:01 GMT)
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