CQS Diversified Fund Limited Results of Redemption Offer (3904H)

TIDMCQS TIDMCQSU

RNS Number : 3904H

CQS Diversified Fund Limited

16 May 2014

CQS DIVERSIFIED FUND LIMITED

16 MAY 2014

RESULT OF REDEMPTION OFFER FOR QUALIFYING SHAREHOLDERS

As described in the Company's circular to the US Dollar Shareholders dated 15 April 2014 (the "Circular"), the Company made the Redemption Offer enabling Qualifying Shareholders to redeem their US Dollar Shares. Redemption Elections have been made in respect of 19,811,177 US Dollar Shares under the Redemption Offer. Such US Dollar Shares shall be redeemed on the Redemption Date of 1 September 2014 with redemption monies expected to be paid in the week commencing 22 September 2014.

US DOLLAR CLASS CLOSURE

The Directors have determined that, immediately following the implementation of the Redemption Offer, at least one Class Closure Condition has been be met and that they will close the US Dollar Share Class.

POSITION OF REMAINING US DOLLAR SHAREHOLDERS

Save as set out below, for US Dollar Shareholders who have not made an election (whether a Redemption Election or a Conversion Election) in respect of any US Dollar Share(s) then, as described in the Circular, a Redemption Election will be deemed to have been made in respect of such US Dollar Share(s). Those shares will therefore be redeemed together with US Dollar Shares in respect of which Redemption Elections have been made under the Redemption Offer (as described above) at the Redemption Date of 1 September 2014.

ABILITY TO CONVERT INTO STERLING SHARES ON 30 MAY 2014

If US Dollar Shareholders, in relation to US Dollar Shares in respect of which they have made no elections, wish to convert such US Dollar Shares into shares of the continuing Sterling Class rather than be redeemed for cash (as described above) they should utilise the monthly conversion facility for the month of May 2014 in the normal way. The last date for submission of conversion instructions under this facility is 21 May 2014. All US Dollar Shareholders should note that this will be the final opportunity to convert their US Dollar Shares into shares of the continuing Sterling Class.

STERLING SHAREHOLDERS

As announced on 30 April 2014, any future instructions submitted by Sterling Shareholders to convert all or part of their holding into shares of the US Dollar Class pursuant to the monthly conversion facility will not be accepted by the Company.

CANCELLATION OF LISTING

It is expected that the listing of the US$ Shares will be cancelled following redemption of the US Dollar Shares on or about 1 September 2014.

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Circular dated 15 April 2014.

This information is provided by RNS

The company news service from the London Stock Exchange

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