Nouvelles
Credit Suisse Supply Chain Finance Investment Grade Fund: Final payment of liquidation proceeds
9 novembre 2022
Main points:
- Final payment of liquidation proceeds of approximately USD 31.3 mn is planned with value date November 11, 2022
- This will bring the total amount returned to investors in the Liechtenstein domiciled Credit Suisse Supply Chain Finance Investment Grade Fund to approximately USD 667 mn, which is 99.7% of the sub-fund’s NAV at the time of its suspension
- With this final payment the liquidation process of the sub-fund will be completed
Further cash distribution and completion of the liquidation
In March 2021, we notified of the decision of the Board of Directors to liquidate the Liechtenstein domiciled Credit Suisse Supply Chain Finance Investment Grade Fund.
Between March and July 2021, in the course of the liquidation, which was announced in such notification, USD 636 mn was returned to investors in the Liechtenstein domiciled Credit Suisse Supply Chain Finance Investment Grade Fund in three installments. We have informed on the progress of the payouts.
The final payment of liquidation proceeds, totaling approximately USD 31.3 mn, is planned with value date November 11, 2022. This will bring the total amount returned to investors to approximately USD 667 mn, which amounts to 99.7% of the fund’s NAV at the time of its suspension.
Payment of liquidation proceeds in % of NAV as last published on February 26, 2021
| Credit Suisse Supply Chain Finance Investment Grade Fund | |
Liquidation payment as of March 10, 2021 |
71.7% |
Liquidation payment as of April 15, 2021 |
14.3% |
Liquidation payment as of July 7, 2021 |
9.0% |
Final liquidation payment as of November 11, 2022 |
4.7% |
Cumulative liquidation payment |
99.7% |
With this last payment the liquidation process of the sub-fund will be completed.
Updated information on the other three Supply Chain Finance Funds will be provided later this month.