LONDON - BH Macro (BCBA:BMAm) Limited, a Guernsey-based investment company, has announced an updated timetable for share conversions and potential Class Closure Resolutions (CCRs) for its Sterling and US dollar share classes. The deadline for share conversion requests for December 2024 has been advanced to 30 December 2024, by midday GMT, due to operational reasons.
The company also indicated that CCRs are expected to be initiated for both share classes following the finalization of the month-end net asset values on 31 December 2024. If triggered, this would result in a suspension of shareholders' ability to convert shares between classes starting from the January 2025 conversion date.
Class Closure Resolutions are activated when the average daily closing market price of a share class is at least 8 percent below its average net asset value per share over the 12 month-end net asset value calculation dates within the year. This measure is in line with the company's articles of incorporation.
Should the CCRs be triggered for either or both share classes, BH Macro Limited (LON:BHMG) will make a subsequent announcement to inform shareholders. The company has reminded shareholders to submit their conversion requests before the revised deadline to ensure processing.
This update is based on a press release statement from BH Macro Limited and is intended to inform shareholders of the important changes in the share conversion process and the potential implications of the CCRs. The company's website offers additional information for those seeking further details.
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