Tetragon Financial Group Limited (TFG) AnnouncementBy Tetragon Financial Group Limited, PRNE
Tuesday, July 12, 2011
LONDON, July 13, 2011 -
On July 12, 2011, a shareholder derivative action was filed in
United States District Court - Southern District of New York -
against the current and former directors of Tetragon Financial
Group Limited and Tetragon Financial Group Master Fund Limited
(together, “TFG”), TFG’s investment manager, the principals of
TFG’s investment manager and an affiliated entity by a purported
shareholder of Tetragon Financial Group Limited (the “Action”).
The Action makes a series of allegations specifically with
respect to performance fees charged by TFG’s investment manager and
asks, amongst other things, for money damages and equitable relief
against the defendants, including the amendment and/or termination
of the investment management agreement among TFG and its investment
TFG and its board of directors believe that the Action is
factually and legally without merit and intend to seek to have the
Action dismissed as quickly as possible.
Tetragon Financial Group Limited (TFG) is a Guernsey
closed-ended investment company traded on Euronext Amsterdam by
NYSE Euronext under the ticker symbol “TFG” that currently invests
primarily through long-term funding vehicles such as collateralized
loan obligations in selected securitized asset classes and aims to
provide stable returns to investors across various interest rate
and credit cycles.
This release does not contain or constitute an offer to sell or
a solicitation of an offer to purchase securities in the United
States or any other jurisdiction. The securities of TFG have
not been and will not be registered under the US Securities Act of
1933 (the “Securities Act”), as amended, and may not be offered or
sold in the United States or to US persons unless they are
registered under applicable law or exempt from registration.
TFG does not intend to register any portion of its securities in
the United States or to conduct a public offer of securities in the
United States. In addition, TFG has not been and will not be
registered under the US Investment Company Act of 1940, and
investors will not be entitled to the benefits of such Act.
TFG is registered in the public register of the Netherlands
Authority for the Financial Markets under Section 1:107 of the
Financial Markets Supervision Act (”FMSA”) as a collective
investment scheme from a designated country. This release
constitutes regulated information (”gereglementeerde informatie”)
within the meaning of Section 1:1 of the FMSA.
For further information, please contact: TFG: Press Inquiries: UK - Brunswick Group David Wishnow/Yuko Thomas Andrew Garfield/Gill Ackers/Pip Green Investor Relations +44-20-7404-5959 email@example.com firstname.lastname@example.org US - Sard Verbinnen & Co. Jonathan Gasthalter/Carissa Ramirez +1-212-687-8080
Tags: July 13, London, Tetragon Financial Group Limited, United Kingdom