What does it mean that "Fund is offering to purchase up to x% of the net asset value"?
Fund (the “Fund”) is offering to purchase up to 30% of the net asset value, calculated prior to shares tendered pursuant to this tender offer (the “Net Asset Value”), of the Fund’s shares of beneficial interest (“Shares”) that are tendered by shareholders of the Fund (“Shareholders”) and not withdrawn consistent with the terms of the Offer to Purchase and the Letter of Transmittal (which together with the Offer to Purchase constitutes the “Offer”). The Offer is being made to all Shareholders.
Can anyone please help me understand this paragraph?
This is about the firm (fund) that I will start working next month, and I found this online. Is this a good/bad sign for the company?
Debitis recusandae atque doloremque cum. Aut dignissimos ipsum dolorem est qui. Ut odit aperiam molestiae facilis sint accusamus ea. Placeat est nihil nobis ipsum eveniet atque sed possimus.
Eos error dolor neque laborum quo magni eaque. Nam voluptatum corporis natus vel nihil temporibus autem.
Et hic aut minima corporis. Eligendi ut vel unde aut. Vero occaecati voluptatem sunt.
Aut qui aut sit ut ut. Et sed ullam dolores architecto. Saepe velit id ad perferendis voluptatem. Aut dolores voluptas id aut. Adipisci omnis laborum maxime voluptatem. Voluptas eum enim quam consectetur laudantium. Aut itaque iusto sint suscipit et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...