News
Credit Suisse Supply Chain Finance Investment Grade Fund: Final payment of liquidation proceeds
November 9, 2022
News
November 9, 2022
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.
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.