Blue Capital Alternative Income Fd Notice of Special General Meeting (8063S)

TIDMBCAI

RNS Number : 8063S

Blue Capital Alternative Income Fd

27 June 2018

Blue Capital Alternative Income Fund Limited (the "Company") (Ticker: "BCAI")

On 9 May 2018, the Board announced its intention to recommend an orderly run-off of the Company. Having assessed the alternative options for implementation of this orderly run-off, the Board has concluded that it is in the best interests of the Company to be voluntarily wound-up and intends to recommend this action to Shareholders at a Special General Meeting to be held during the course of July 2018.

Consequently, the Company has today published a circular to shareholders containing a notice convening a Special General Meeting to be held at 9:00 a.m. (Bermuda time) on 25 July 2018 at which resolutions (the "Resolutions") will be proposed to shareholders regarding the liquidation of the Company (the "Proposals").

Details of the proposed timing for the liquidation of the Company are included in the shareholder circular and the expected timetable is set out below.

In light of the proposed Resolutions, application will be made to the London Stock Exchange for suspension of the trading of the Company's Ordinary Shares on the Main Market at 7:30 a.m. on 25 July 2018. The Register will be closed and the Ordinary Shares disabled in CREST at 5:00 p.m. on 24 July 2018.

If the Resolutions are passed, the Company will make application to the London Stock Exchange for the cancellation of trading in the Ordinary Shares following the Special General Meeting, with the cancellation expected to take effect at 8:00 a.m. (UK time) on 26 July 2018.

The circular and notice of Special General Meeting will shortly be available to view on the Company's website.

EXPECTED TIMETABLE

 
 Latest time and date for receipt     9:00 a.m. (Bermuda time) (1:00 
  of Forms of Instruction and CREST    p.m. UK time) on 20 July 2018 
  Instructions from the Depository 
  Interest Holders 
 Latest time and date for receipt     9:00 a.m. (Bermuda time) (1:00 
  of Forms of Proxy                    p.m. UK time) on 23 July 2018 
 Suspension of trading of the         7:30 a.m. (UK time) on 25 July 
  Ordinary Shares on the London        2018 
  Stock Exchange 
 Suspension of the listing and        25 July 2018 
  trading of the Ordinary Shares 
  on the BSX 
 Special General Meeting              9:00 a.m. (Bermuda time) (1:00 
                                       p.m. UK time) on 25 July 2018 
 Liquidators appointed                25 July 2018 
 Announcement of the results of       By 5:00 p.m. on 25 July 2018 
  the Special General Meeting 
 Cancellation of trading of the       8:00 a.m. (UK time) on 26 July 
  Ordinary Shares on the London        2018 
  Stock Exchange 
 
 Cancellation of the listing and      26 July 2018 
  trading of the Ordinary Shares 
  on the BSX

Contacts

For investor enquiries please contact:

 
Blue Capital Management Ltd. 
 Michael J. McGuire                        +1 441 278 0988 
Email: investorrelations@Sompo-Intl.com 
 
Stifel Nicolaus Europe Limited             +44 (0)20 7710 7600 
Neil Winward 
Mark Bloomfield 
Tunga Chigovanyika

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 27, 2018 10:24 ET (14:24 GMT)

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