Next Edge Capital Corp.

Next Edge Capital Corp.

December 22, 2014 14:04 ET

Next Edge AHL Alpha Fund Announces Completion of Merger

TORONTO, ONTARIO--(Marketwired - Dec. 22, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Next Edge Capital Corp. ("Next Edge"), the Manager of Next Edge AHL Alpha Fund (the "Fund"), announces that regulatory approval of the previously announced merger (the "Merger") of the Fund with Next Edge AHL Fund (the "AHL Fund") was granted and the Merger was completed effective December 15, 2014.

Pursuant to the Merger all of the assets of the Fund, other than such assets as are required to satisfy the liabilities of the Fund, were transferred to the AHL Fund in exchange for 1,891,443.744 Class J Units and 333,680.066 Class K Units of the AHL Fund. The Class J Units and the Class K Units received by the Fund had an aggregate net asset value equal to the value of the Alpha Fund's net assets as of the close of business on December 15, 2014. The Class J Units and the Class K Units were issued by the AHL Fund at the net asset value per Class J Unit and net asset value per Class K Unit of $10.00 and $10.00 respectively, as of December 15, 2014.

As a result of Merger, unitholders of record of the Fund on the close of business on December 15, 2014 received 1,891,443.75 Class J Units (exchange ratio of 1.08) for Class A Units of the Fund and 333,680.07 Class K Units (exchange ratio of 1.03) for Class F Units of the Fund.

Upon completion of the Merger, it is expected that the remaining assets of the Fund will be used to satisfy the liabilities of the Fund and it will be wound up and dissolved in accordance with the provisions of its constating documents.

Nothing in this announcement should be construed as or is intended to be a solicitation for or an offer to provide investment services.

Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

Contact Information