Sell Units
Limited partnership units ("Units") of the Fund are not listed or traded on any securities exchange or other securities market, and there is no secondary market for the Units. In addition, Fund investors do not have the right to cause the Fund to redeem their Units. In order to provide a limited degree of liquidity to Limited Partners, the Fund intends to make semi-annual repurchase offers for between 5% and 25% of the outstanding Units, subject to Board approval. Tendering of Units is voluntary.
The Fund has announced a tender offer which commenced on July 2, 2010, to purchase up to 524 Units (representing approximately 5% of the outstanding Units), that are properly tendered and not withdrawn prior to 3:00 p.m. (Central Time) on September 30, 2010, the expiration date of the tender offer, for cash, at a price equal to the NAV per Unit determined as of September 30, 2010 (the "Tender Offer"). The Fund reserved the right to increase the number of Units it is offering to purchase in the tender offer, up to an aggregate of 734 Units (approximately 7% of the outstanding Units). If the Fund determines to increase the number of Units it is offering to purchase, the Fund will file an amendment to the Schedule TO (the "Schedule TO").
The Tender Offer is subject to the terms and conditions described in the Offer to Purchase relating to the Tender Offer and related Letter of Transmittal (each of which is filed as an exhibit to the Fund's Schedule TO which was filed with the Securities and Exchange Commission (the "SEC") on July 2, 2010). The Schedule TO is available on the SEC's website at Kiewit Investment Fund - All Filings1Following is a summary of the key dates of the Tender Offer. To understand the Tender Offer fully, you should read carefully the entire Offer to Purchase which was mailed to each Limited Partner and filed with the SEC and is available on the SEC's website, as described above. | 7/02/2010 | Initiation of tender offer | | 8/02/2010 | Tender Intention Form due. (Limited Partners may tender only one or more whole Units unless a Limited Partner tenders all of the units held or holds less than a whole Unit and tenders the entire fraction of a Unit held). | | 9/16/2010 | Estimated NAV as of 9/15/2010 mailed to all Limited Partners and posted on the Fund's website. | | 9/30/2010 | Expiration of tender offer. Letter of Transmittal to tender Units must be received by the Fund by 3:00 p.m. Central Time. (Limited Partners may tender only one or more whole Units unless a Limited Partner holds less than a whole Unit and tenders the entire fraction of a Unit held.) You may withdraw a tender of Units at any time prior to 3:00 p.m. Central Time on September 30, 2010. |
Payment for Units properly tendered will be made promptly after the Fund's acceptance of Units for purchase. 1The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of the Prospectus.
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