09/26/2024 | Press release | Distributed by Public on 09/26/2024 11:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR 13(E)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
FINAL AMENDMENT
AGILITY MULTI-ASSET INCOME FUND
(Name of Subject Company (Issuer))
AGILITY MULTI-ASSET INCOME FUND
(Name of Filing Person(s) (Issuer))
SHARES OF BENEFICIAL INTEREST
(Title of Class of Securities)
N/A
(CUSIP Number of Class of Securities)
Ann Maurer
235 W. Galena Street
Milwaukee, WI 53212
(414) 299-2217
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications on Behalf of the Filing Person(s))
With a copy to:
Joshua B. Deringer, Esq.
Faegre Drinker Biddle & Reath LLP
One Logan Square, Ste. 2000
Philadelphia, PA 19103-6996
(215) 988-2700
May 2, 2024
(Date Tender Offer First Published,
Sent or Given to Security Holders)
[ ] | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates: | |
[ ] | third-party tender offer subject to Rule 14d-1. |
[X] | issuer tender offer subject to Rule 13e-4. |
[ ] | going-private transaction subject to Rule 13e-3. |
[ ] | amendment to Schedule 13D under Rule 13d-2. |
Check the following box if the filing is a final amendment reporting the results of the tender offer: [X]
This final amendment relates to the Issuer Tender Offer Statement on Schedule TO (the "Statement") originally filed with the Securities and Exchange Commission on May 2, 2024, by Agility Multi-Asset Income Fund (the "Fund") in connection with an offer (the "Offer") by the Fund to purchase shares of beneficial interest ("Shares") in the Fund in an aggregate amount up to $11,021,976 on the terms and subject to the conditions set out in the Offer to Purchase and the related Letter of Transmittal. Copies of the Offer to Purchase and the Letter of Transmittal were previously filed as Exhibits B and C to the Statement on May 2, 2024.
This is the final amendment to the Statement and is being filed to report the results of the Offer. The following information is furnished pursuant to Rule 13e-4(c)(4):
1. Holders of Shares in the Fund ("Shareholders") that desired to tender Shares, or a portion thereof, for purchase were required to submit their tenders by 11:59 p.m., Eastern Time, on May 30, 2024.
2. As of May 30, 2024, thirty-four (34) Shareholders validly tendered Shares and did not withdraw such tender prior to the expiration of the Offer. The validly tendered Shares were accepted for purchase by the Fund in accordance with the terms of the Offer.
3. As the Shares tendered by shareholders exceeded the Offer to purchase approximately 25.00% of the net assets of the Fund, tender requests were fulfilled at a prorated amount equal to 95.34% of each shareholder's tender request. The net asset value of Shares repurchased following proration were $24,223 Class A Shares and $9,300,141 Class I Shares.
4. One (1) Shareholder of Class A Shares and thirty-three (33) Shareholders of Class I Shares, whose tenders were accepted for purchase by the Fund, tendered their entire Shares in the Fund; therefore, the Fund paid to these Shareholders at least 95% of the Shareholders' unaudited net asset value of the Shares tendered, less any early Withdrawal Charge relating to such Shares (the "Initial Payment"). The Initial Payment was wired to the account designated by each such Shareholder in its Letter of Transmittal on August 1, 2024. The Fund will pay the Shareholders a contingent payment (the "Post-Audit Payment") equal to the excess, if any, of (1) the net asset value of the Shares tendered and purchased as of June 28, 2024 (as it may be adjusted based upon the next annual audit of the Fund's financial statements) over (2) the Initial Payment. The Post-Audit Payment will be made promptly after the completion of the Fund's annual audit at the end of November 2024.
Except as specifically provided herein, the information contained in the Statement, Offer to Purchase and the related Letter of Transmittal previously filed on May 2, 2024 (collectively, the "Tender Offer Materials") remains unchanged and this final amendment does not modify any of the information previously reported in the Tender Offer Materials.
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Item 1 through Item 9 and Item 11.
The information set forth in the Tender Offer Materials is incorporated herein by reference into this final amendment in answer to Item 1 through Item 9 and Item 11 of Schedule TO.
Item 10. Financial Statements
Not applicable.
Item 12(a). Exhibits
Not applicable.
Item 12(b). Filing Fee
Calculation of Filing Fee Tables are attached herewith.
Item 13. Information Required By Schedule 13E-3
Not applicable.
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set out in this statement is true, complete and correct.
AGILITY MULTI-ASSET INCOME FUND | ||||
By: | /s/ Kent Muckel | |||
Name: | Kent Muckel | |||
Title: | President |
September 26, 2024
EXHIBIT INDEX
EXHIBIT
Calculation of Filing Fee Tables |