Credit Suisse Supply Chain Finance Funds: third payment of liquidation proceeds
July 2, 2021
July 2, 2021
Further cash distribution
In March and April 2021, USD 4.8 bn was returned to investors in the SCFFs in two installments. The third payment of liquidation proceeds, totaling approximately USD 0.75 bn, is expected for the week of July 5, 2021.
|Fund||Amount available for distribution||Estimated announcement date|
|Credit Suisse (Lux) Supply Chain Finance Fund||approx. USD 105 mn||July 5, 2021|
|Credit Suisse Nova (Lux) Supply Chain Finance High Income Fund||approx. USD 510 mn||July 5, 2021|
|Credit Suisse Nova (Lux) Supply Chain Finance Investment Grade Fund||approx. USD 75 mn
||July 5, 2021|
|Credit Suisse Supply Chain Finance Investment Grade Fund
||approx. USD 60 mn
||July 5, 2021
This would bring the total amount returned to investors in the SCFFs so far to approximately USD 5.6 bn.
The funds’ total cash position, including the USD 4.8 bn that has already been distributed to investors and current cash and cash equivalents in the funds, thus amounts to approximately USD 6.1 bn, which is 61% of the funds’ AuM at the time of their suspension.
The remaining liquidation proceeds will be paid out to investors as soon as practicable in one or more installments.
Investors will receive notification of such payments.