Alternative Liquidity Capital has launched a new unsolicited tender offer for shares of the Wildermuth Fund, a closed end interval fund. Alternative Liquidity is offering to purchase up to 238,000 Class I Shares at a price of $2.50 per share. The fund’s estimated NAV is $10.00 per share as of August 14, 2023.
In June 2023, the Wildermuth Fund announced that its Board had approved a plan of liquidation. Normally, interval funds conduct regular quarterly repurchases. However, the Wildermuth Fund suspended repurchases as part of the liquidation plan.
Even prior to the liquidation plan, there pent up demand for investors wanting to exit the Wildermuth Fund. It is one of the small group of funds that has needed to prorate repurchase offers in the most recent year.
Click here to access the Offer to Purchase.
The following is from the original press release:
Alternative Liquidity Capital Announces Offer to Purchase Shares in the Wildermuth Fund
Alternative Liquidity Index, LP, a Delaware limited partnership (the “Purchaser”), today announced an offer to purchase up to 238,000 Class I Shares (the “Shares”), of the Wildermuth Fund (the “Fund”).
The Fund’s Shares are not traded on any exchange. In June 2023, the Fund’s Board of Trustees adopted a plan to liquidate the Fund (the “Liquidation Plan”). The Fund’s quarterly repurchase offers have been suspended. This Offer provides a way for legacy investors to get cash for their investment.
This Offer is predicated upon the review and execution of appropriate transaction documentation.The Purchaser is a Delaware Limited Partnership and is not affiliated with the Fund. The Offer is being made solely for the Purchaser to establish a passive ownership position in the Shares.
Investors should read the Offer to Purchase and the related materials carefully because they contain important information. Investors may obtain a free copy of the Offer to Purchase, and the Transfer Form by visiting their website at https://www.alternativeliquidity.net and clicking “Offers” or by calling Alternative Liquidity Capital at (888) 884-8796. Investors may also contact them at [email protected] to answer questions about the Offer or to obtain Offer documents.
Click here to access a list of all active interval funds, along with information on AUM and investment strategies.