JZ CAPITAL
PARTNERS LIMITED (the "Company" or "JZCP")
(a closed-ended investment company
incorporated with limited liability under the laws of Guernsey with
registered number 48761)
LEI 549300TZCK08Q16HHU44
Redemption of 2022
Zero Dividend Preference Shares and Notice of Cancellation
26 August 2022
Further to today's earlier announcement, JZ Capital Partners
Limited, the London listed fund
that has investments in US and European microcap companies and US
real estate, is pleased to announce the proposed redemption of its
2022 Zero Dividend Preference Shares ("ZDP Shares") which
are set to reach their maturity on 1 October
2022.
The record date for the final capital entitlement is
26 September 2022.
The maturity date is 1 October
2022.
Cheques are expected to be mailed to certificated holders on
3 October 2022.
CREST accounts of certificated holders are expected to be
credited on 3 October 2022.
The final capital entitlement amount is 483.7 pence per ZDP Share.
The Company will request that following their redemption, the
admission to and trading of the ZDP Shares on the Specialist Fund
Segment of the Main Market of London Stock Exchange plc be
cancelled with effect from 8 a.m. on
3 October 2022.
As noted in the aforementioned announcement, shareholders are
reminded that, whilst the Company is and expects to be so on their
due date, the repayment of the ZDP Shares remains subject to the
Company's continuing compliance with the financial covenants of its
senior facility provided by WhiteHorse Capital Management, LLC.
______________________________________________________________________________________
For further information:
Kit Dunford / Ed
Berry
FTI Consulting |
+44 (0)7717 417 038 / +44 (0)7703
330 199 |
David Zalaznick
Jordan/Zalaznick Advisers, Inc. |
+1 (212) 485 9410 |
Sam Walden / Martin
Chapman
Northern Trust International Fund Administration Services
(Guernsey) Limited |
+44 (0) 1481 745385 /
+44 (0)1481 745183 |
Important Notice
This announcement includes statements
that are, or may be deemed to be, "forward-looking statements".
These forward-looking statements can be identified by the use of
forward-looking terminology, including the terms "believes",
"estimates", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or
comparable terminology. These forward-looking statements relate to
matters that are not historical facts. By their nature,
forward-looking statements involve risks and uncertainties because
they relate to events and depend on circumstances that may or may
not occur in the future. Forward-looking statements are not
guarantees of future performance. The Company's actual investment
performance, results of operations, financial condition, liquidity,
policies and the development of its strategies may differ
materially from the impression created by the forward-looking
statements contained in this announcement. In addition, even if the
investment performance, result of operations, financial condition,
liquidity and policies of the Company and development of its
strategies, are consistent with the forward-looking statements
contained in this announcement, those results or developments may
not be indicative of results or developments in subsequent periods.
These forward-looking statements speak only as at the date of this
announcement. Subject to their legal and regulatory obligations,
each of the Company, Jordan/Zalaznick Advisers, Inc. and their
respective affiliates expressly disclaims any obligations to
update, review or revise any forward-looking statement contained
herein whether to reflect any change in expectations with regard
thereto or any change in events, conditions or circumstances on
which any statement is based or as a result of new information,
future developments or otherwise.