BH Credit Catalysts Notice of EGM


 
TIDMBHCG TIDMBHCU 
 
BH Credit Catalysts Limited (the "Company") 
 
 Extraordinary General Meeting regarding proposed transfer of management from 
               Brevan Howard to DW Partners and related matters 
 
                               28 November 2014 
 
Further to the announcement made on 11 November 2014, a circular is today being 
published (the "Circular") which includes a notice convening an extraordinary 
general meeting of the Company at 10 a.m. on 19 December 2014 (the 
"Extraordinary General Meeting") to approve certain matters regarding the 
assumption of the management of the Company by DW Investment Management, LP (to 
be renamed DW Partners, LP) ("DW") from the Company's existing manager, Brevan 
Howard Capital Management LP ("Brevan Howard") and the reinvestment of the 
Company's assets (net of funds required for short-term working capital 
requirements) into Brevan Howard Credit Catalysts Fund Limited (to be renamed 
DW Catalyst Offshore Fund, Ltd) (the "Feeder Fund"), which is a feeder fund 
into Brevan Howard Credit Catalysts Master Fund Limited (to be renamed DW 
Catalyst Master Fund, Ltd) (the "Master Fund"). The Company is currently 
invested in the Master Fund. 
 
The resolutions to be proposed at the Extraordinary General Meeting (the 
"Resolutions"), all of which must be approved to become effective, address the 
change of the Company's investment policy to permit investment in the Feeder 
Fund, approval of a new management agreement with DW, the change of the 
Company's name to DW Catalyst Fund Limited and certain amendments to the 
Company's articles of incorporation. 
 
The Circular includes a recommendation from the Company's board of directors to 
shareholders to vote in favour of each of the Resolutions. 
 
Effectiveness of the Resolutions is conditional on the boards of directors and 
shareholders of each of the Feeder Fund and the Master Fund also approving the 
transfer of the management of the Feeder Fund and the Master Fund respectively 
from Brevan Howard to DW (the "Underlying Approvals"). 
 
Assuming that the Underlying Approvals are obtained and the Resolutions are 
passed, the change in management of the Company and reinvestment by the Company 
into the Feeder Fund will be effective from 1 January 2015. 
 
If the Underlying Approvals are obtained but the Resolutions are not passed, 
the Company's existing investment in the Master Fund will be redeemed with 
effect from 31 December 2014. 
 
A copy of the Circular will shortly be available on the Company's website at 
www.bhcreditcatalysts.com. The Circular will also be submitted to the National 
Storage Mechanism and will shortly be available for inspection at 
www.morningstar.co.uk/uk/nsm. 
 
Enquiries: 
 
Company website:        www.bhcreditcatalysts.com 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Andrew Maiden 
Tel: +44 (0) 1481 745368 
 
Brevan Howard 
Daniel Riggs 
Tel: +44 (0) 207 022 6236 
 
DW 
Jen Drake 
Jennifer.Drake@dwim.us 
 
 
 
END

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