Tetragon Financial Group Limited Announcement of Final Results of Tender Offer t… – Press Release

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LONDON, 10 April 2022  /PRNewswire/ — Tetragon announces the final results of the “modified Dutch auction” tender offer to purchase a portion of the outstanding non-voting shares of Tetragon for a maximum aggregate payment of $50,000,000 in cash. The tender offer expired at 11:59 p.m. (ET) on 7 April 2022.

J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove) acted as dealer manager for the tender offer and Computershare Investor Services PLC acted as tender agent for the tender offer. As dealer manager, J.P. Morgan determined the final purchase price at which Tetragon will purchase shares in the tender offer. As tender agent, Computershare determined the final proration factor.

In accordance with the terms of the tender offer, Tetragon has accepted for purchase 4,291,157 non‑voting shares at a purchase price of $9.75 per share. The aggregate cost of this purchase is $41,838,780.75, excluding fees and expenses relating to the tender offer. A total of 4,291,157 Tetragon non-voting shares were properly tendered and not properly withdrawn at or below the purchase price of $9.75 per share.

Tetragon will promptly make payment for the shares validly tendered and accepted for purchase, which is expected to occur on or about 14 April 2022.

About Tetragon:

Tetragon is a closed-ended investment company that invests in a broad range of assets, including public and private equities and credit (including distressed securities and structured credit), convertible bonds, real estate, venture capital, infrastructure, bank loans and TFG Asset Management, a diversified alternative asset management business. Where appropriate, through TFG Asset Management, Tetragon seeks to own all, or a portion, of asset management companies with which it invests in order to enhance the returns achieved on its capital. Tetragon’s investment objective is to generate distributable income and capital appreciation. It aims to provide stable returns to…

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