News Column

Conversion of Securities

August 22, 2014



BH Credit Catalysts Limited (the "Company") (a closed-ended investment scheme established as a company with limited liability under the laws of Guernsey with registered number 52520) Completion of 31 July 2014 Share Conversion 22 August 2014 Following the publication on 21 August 2014 of the final month-end net asset values for 31 July 2014, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 31 July 2014 share conversion date: 0.589597 GBP shares for each USD share 1.696075 USD shares for each GBP share On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued: * 128,882 New Sterling shares of no par value and the following shares will be cancelled: * 218,594 US Dollar shares of no par value; all with effect from 22 August 2014. Application has been made to the Financial Conduct Authority ("FCA") for the new shares to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange's main market for listed securities. Admission is expected to occur on 29 August 2014. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 29 August 2014. Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows: - 3,763,806 US Dollar Shares - 7,879,093 Sterling Shares The number of votes each share in the Company is entitled to on a poll at any general meeting of the Company waspublished by the Company on 15 December 2010 and will not change as a result of the conversions. These are: US Dollar Share 1.0000 Sterling Share 1.5774 From 22 August 2014, the total number of voting rights in the Company (rounded down to the whole number) is 16,192,287. Enquiries: Website: www.bhcreditcatalysts.comNorthern Trust International Fund Administration Services (Guernsey) LimitedAndrew Maiden Tel: +44 (0)1481 745368 END The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.




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Source: PR Newswire TOD Wire


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