Business
Intermediate Capital Group plc: Fund Redemption
Intermediate Capital Group plc: Fund Redemption.
About this update from Icg Plc
[{"type":"text","content":"\n Intermediate Capital Group plc: Fund RedemptionIntermediate Capital Group plc26 June 2013Intermediate Capital Group plc announces planned fund redemptionIntermediate Capital Managers Limited (\"ICML\"), a wholly owned subsidiary of Intermediate Capital Group plc, announces its intention to call for the redemption of Eurocredit Opportunities Parallel Funding I Ltd (\"Parallel CLO\"). ICML plans to call for the redemption of the Parallel CLO within the next 6 months, subject to appropriate market conditions. All redemption proceeds, together with any cash balances in the Fund, will be distributed to the relevant investors in accordance with the transaction documentation. ICML in its capacity as collateral manager of the Fund has the sole discretion to call for the redemption of the Parallel CLO.Investor Enquiries: Ian StanlakeInvestor Relations, ICG plc+44 (0) 20 3201 7880Media Enquiries:Helen BarnesCorporate Communications, ICG plc+44 (0) 20 3201 7760Neil BennettMaitland+44 (0) 20 379 5151This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.The owner of this announcement warrants that:(i) the releases contained herein are protected by copyright and other applicable laws; and(ii) they are solely responsible for the content, accuracy and originality of theinformation contained therein.Source: Intermediate Capital Group plc via Thomson Reuters ONEHUG#1712121\n \n ","length":2441,"tagName":"div"}]