-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LOZkmmTKM3GBJCdQzoJZo8bnMnClCspQKfmDaKFsyT+8xp3ZFaXm9GuKTb0r55C0 7CrbVg3M0HIMoFeMk9E+5w== 0001144204-08-030174.txt : 20080516 0001144204-08-030174.hdr.sgml : 20080516 20080516110104 ACCESSION NUMBER: 0001144204-08-030174 CONFORMED SUBMISSION TYPE: N-23C3A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080516 FILED AS OF DATE: 20080516 DATE AS OF CHANGE: 20080516 EFFECTIVENESS DATE: 20080516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Campbell Multi-Strategy Trust CENTRAL INDEX KEY: 0001336519 IRS NUMBER: 542122893 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-23C3A SEC ACT: 1940 Act SEC FILE NUMBER: 817-00909 FILM NUMBER: 08840711 BUSINESS ADDRESS: STREET 1: 210 WEST PENNSYLVANIA AVENUE STREET 2: SUITE 770 CITY: TOWSON STATE: MD ZIP: 21204 BUSINESS PHONE: 410-296-3301 MAIL ADDRESS: STREET 1: 210 WEST PENNSYLVANIA AVENUE STREET 2: SUITE 770 CITY: TOWSON STATE: MD ZIP: 21204 N-23C3A 1 v113935_n23c3a.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-23c-3 NOTIFICATION OF REPURCHASE OFFER PURSUANT TO RULE 23c-3 1. Investment Company Act File Number: 811-21803 Date of Notification: May 16, 2008 2. Exact name of Investment Company as specified in registration statement: THE CAMPBELL MULTI-STRATEGY TRUST 3. Address of principal executive office: (number, street, state, zip code) 210 West Pennsylvania Avenue Towson, Maryland 21204 4. Check one of the following: A. |X| The notification pertains to a periodic repurchase offer under paragraph (b) of Rule 23c-3. B. |_| The notification pertains to a discretionary repurchase offer under paragraph (c) of Rule 23c-3. C. |_| The notification pertains to a periodic repurchase offer under paragraph (b) of Rule 23c-3 and a discretionary repurchase offer under paragraph (c) of Rule 23c-3. By: /s/ Thomas P. Lloyd --------------------------------- Name: Thomas P. Lloyd Title: Secretary [LOGO] Campbell & Company Investment Adviser LLC A Subsidiary of Campbell & Company, Inc. May 16, 2008 Dear Campbell Multi-Strategy Trust Shareholder: We are writing to notify you of the Trust's quarterly repurchase offer. If you are not interested in selling shares at this time, please disregard this notice; no action is necessary on your part. For the quarter ending June 30, 2008 the Board of Trustees has authorized the repurchase of up to 25% of the outstanding shares, at their net asset value. Noted here are the important dates related to the repurchase offer. Please see the attached Repurchase Offer Notice for important information about the Repurchase Offer. You may accept the repurchase for some or all of your shares by completing and returning the enclosed Repurchase Request Form by the close of business on June 16, 2008. Repurchase Request Deadline: June 16, 2008. - ------------------------------------------- To be honored, the original copy of your Repurchase Request must be received by the Trust by the Repurchase Request Deadline (no faxes will be accepted). Repurchase Requests should be directed to: The Campbell Multi-Strategy Trust, Attention: Fund Administration, 210 West Pennsylvania Avenue, Suite 770, Towson, MD 21204. If you are submitting a Repurchase Request through your Financial Advisor, you must submit your repurchase request to your Financial Advisor in advance of the Repurchase Request Deadline so that your Financial Advisor will have sufficient time to forward your request to the Trust by the Repurchase Request Deadline. If total Repurchase Requests from investors do not exceed 25% of the total shares, each investor will receive a full redemption of the requested amount. If the repurchase offer is oversubscribed, the Trust may repurchase shares on a prorated basis, as described in Paragraph 6 of the Repurchase Offer Notice. As it states in the Trust's Confidential Private Offering Memorandum (the "Offering Memorandum"), these quarterly repurchase offers are the only opportunity for you to redeem some or all of your interest in the Trust. The Trust will repurchase shares at their net asset value as of June 30, 2008 (the "Repurchase Pricing Date"). For your reference, the unaudited estimated net asset value as of April 30, 2008 was $1,063.20 per share. The net asset value as of the Repurchase Pricing Date may be more or less than this value. For the daily estimated and final month-end net asset values, you may contact The Campbell Multi-Strategy Trust Hotline at 877-842-4082. If you have any questions, please call your Financial Advisor or Campbell's Fund Administration Department at 800-698-7235. Sincerely, The Campbell Multi-Strategy Trust Court Towers Building 210 West Pennsylvania Avenue, Suite 770 Towson, Maryland 21204 Phone (410) 296-3301 | Toll Free 1-800-698-7235 CAMPBELL [LOGO] & COMPANY INVESTMENT ADVISER LLC Repurchase Offer Notice The Campbell Multi-Strategy Trust - -------------------------------------------------------------------------------- If you do not want to sell your common units of beneficial interest ("shares") at this time, please disregard this notice. This is simply notification of The Campbell Multi-Strategy Trust's (the "Trust") repurchase offer. If you are interested in selling shares at this time, please complete the attached Repurchase Request Form and have it returned to the Trust by the Repurchase Request Deadline. - -------------------------------------------------------------------------------- Repurchase Offer Terms The Campbell Multi-Strategy Trust These Repurchase Offer Terms ("Terms") provide supplemental information to the letter that accompanies these Terms (the "Repurchase Notification Letter"). 1. The Repurchase Offer. The Campbell Multi-Strategy Trust (the "Trust") makes this offer to repurchase shares of the Trust pursuant to Rule 23c-3 of the Investment Company Act of 1940 (the "1940 Act") and as a fundamental policy of the Trust. This repurchase offer has been approved by the Board of Trustees of the Trust. The Trust is offering to repurchase for cash up to the percentage listed in the Repurchase Notification Letter (the "Repurchase Offer Amount") of its issued and outstanding shares at a price equal to the net asset value per share ("net asset value") as of the close of business on the Repurchase Pricing Date (defined below) upon the terms and conditions set forth herein. The Repurchase Notification Letter, these Repurchase Offer Terms, and information set forth in the Trust's Confidential Private Offering Memorandum (the "Offering Memorandum") constitute the "Repurchase Offer." The offer and acceptance of shares of the Trust are made upon the terms and conditions stated in the Repurchase Offer. The Repurchase Offer is not conditioned upon the tender for repurchase of any minimum number of shares. 2. Repurchase Request Deadline. All tenders for shares for repurchase must be received by the Trust in proper form on or before the close of business by the date shown in the accompanying Repurchase Notification Letter (the "Repurchase Request Deadline"). If you wish to sell shares with the assistance of your Financial Advisor, you must submit your repurchase request to your Financial Advisor in advance of the Repurchase Request Deadline so that your Financial Advisor will have sufficient time to forward your request to the Trust. 3. Repurchase Pricing Date. The net asset value for the repurchase will be determined on the Repurchase Pricing Date as shown on the Repurchase Notification Letter. 4. Payment for shares repurchased. The Trust will pay repurchase proceeds within seven days after the Repurchase Pricing Date. The Trust will not charge a repurchase fee. 5. Net Asset Value. A recent net asset value of the Trust is shown in the Repurchase Notification Letter. You must decide whether to tender shares prior to the Repurchase Request Deadline, but the net asset value at which the Trust will repurchase shares will not be calculated until the Repurchase Pricing Date. The net asset value on the Repurchase Pricing date may be more or less than the recent net asset value shown in the Repurchase Notification Letter. 6. Increase in the number of shares repurchased; prorated repurchases. Pursuant to Rule 23c-3(b)(5) under the 1940 Act, if shareholders tender more shares for repurchase than the Repurchase Offer Amount (an "Oversubscribed Repurchase Offer"), the Trust may (but is not obligated to) repurchase up to an additional two percent (2%) of the shares above the Repurchase Offer Amount. If the Trust determines not to repurchase any additional shares, or if shareholders tender shares in excess of the Repurchase Offer Amount plus the 2%, the Trust will repurchase shares tendered on a prorated basis. There can be no assurance that the Trust will be able to repurchase all shares that you have tendered, even if you tender all shares that you own. In the event of an Oversubscribed Repurchase Offer, you may be unable to sell some or all of your investment. You may have to wait until a subsequent quarterly Repurchase Offer to tender shares that the Trust is unable to repurchase, and you would be subject to the risk of net asset value fluctuations during that time period. 7. Withdrawal of shares tendered for repurchase. Requests for repurchase of shares may be withdrawn or modified by submitting written notice to the Trust prior to the close of business on the Repurchase Request Deadline. 8. Suspension or postponement of the Repurchase Offer. Pursuant to Rule 23c-3(b)(3) under the 1940 Act, upon the vote of a majority of the Board of Trustees, including a majority of the Independent Trustees of the Trust, the Trust may suspend or postpone this Repurchase Offer only: a) For any period during which the New York Stock Exchange or any other market in which the securities owned by the Trust are principally traded is closed, other than customary weekend and holiday closings, or during which such market is restricted; b) For any period during which an emergency exists as a result of which disposal by the Trust of securities owned by it is not reasonably practicable, or during which it is not reasonably practicable for the Trust to fairly determine the value of its net assets; or c) For such other periods as the Securities and Exchange Commission may by order permit for the protection of the shareholders of the Trust. If this Repurchase Offer is suspended or postponed, the Trust will provide notice to shareholders of such suspension or postponement. If the Trust renews this Repurchase Offer, the Trust will send a new notification to shareholders. 9. Documents in proper form. All questions as to validity, form, eligibility (including time of receipt), and acceptance of tenders of shares will be determined by the Trust, in its sole discretion, which determination shall be final and binding. The Trust reserves the absolute right to reject any or all tenders of shares determined to be in an inappropriate form. The Trust's interpretations of the terms and conditions of the Repurchase Offer shall be final and binding. 10. No recommendation. Neither the Trust nor its Board of Trustees makes any recommendation to any shareholder whether to tender or refrain from tendering shares. Each shareholder must make an independent decision whether to tender shares and, if so, how many shares to tender. No person has been authorized to make any recommendation on behalf of the Trust as to whether shareholders should tender shares pursuant to this Repurchase Offer. No person has been authorized to give any information or to make any representations in connection with the Repurchase Offer other than those contained herein or in the Offering Memorandum. If given or made, such recommendation may not be relied upon as having been authorized by the Trust, its investment adviser, or distributor. [REMAINDER OF THIS PAGE LEFT BLANK INTENTIONALLY.] For Office Use Only Date Received ______________ Shareholder # ______________ Shares To Repurchase _______ F P Repurchase Date ____________ IND JNT CUST OTHR THE CAMPBELL MULTI-STRATEGY TRUST REPURCHASE REQUEST FORM
__________ __________________ The Campbell Multi-Strategy Trust Date Shareholder No. c/o Campbell & Company Investment Adviser LLC 210 West Pennsylvania Avenue, Suite 770 Towson, Maryland 21204 _______________________________ ATTN: FUND ADMINISTRATION Social Security Numbers/Taxpayer ID Number Phone: 410-296-3301 (must be included) 800-698-7235 _______________________________ Brokerage/Custodial Account Number
Dear Sir/Madam: The undersigned hereby requests to sell the indicated shares, as defined in and subject to all of the terms and conditions of the Second Amended and Restated Agreement and Declaration of Trust of THE CAMPBELL MULTI-STRATEGY TRUST (the "Trust"), of the undersigned's common units of beneficial interest ("shares") in the Trust at the net asset value per share as of the date on which the repurchase price for shares is to be determined (the "Repurchase Pricing Date"), as described in the Offering Memorandum. The Repurchase Pricing Date shall occur no later than fourteen days after the Repurchase Request Deadline (or the next business day, if the fourteenth day is not a business day). Repurchase offers may be suspended or postponed only under certain circumstances as provided for in Rule 23c-3 under the 1940 Act. The undersigned hereby represents and warrants that the undersigned is the true, lawful and beneficial owner of the shares to which this Repurchase Request relates with full power and authority to request the repurchase of such shares. Such shares are not subject to any pledge or otherwise encumbered in any fashion. Under penalty of perjury, the undersigned hereby certifies that the Social Security Number or Taxpayer ID Number indicated on this repurchase request is the undersigned's true, correct and complete Social Security Number or Taxpayer ID Number and that the undersigned is not subject to backup withholding under the provisions of section 3406(a)(1)(C) of the Internal Revenue Code. - -------------------------------------------------------------------------------- In order for this repurchase request to be considered, it is mandatory to complete the following: Type of Repurchase Request (check one): --------------------------------------- Full Repurchase Request Partial Repurchase Request (specify number of shares ______________ or dollar amount $______________) (Subject to maintenance of the required minimum balance of shares equal to $50,000.) Remittance of Repurchase Funds (check one): ------------------------------------------- Forward funds to the undersigned at: __________________________________________________________________________ Name Street City, State and Zip Code Remit funds directly to brokerage account: _________________________ Brokerage/Custodial Account Number SIGNATURE(S) MUST BE IDENTICAL TO NAME(S) IN WHICH SHARES ARE REGISTERED. Entity Shareholder Individual Shareholder(s) _______________________________ _______________________/_____________________ Printed Name of Entity Printed Name(s) of Individual Shareholder(s), Shareholder (or assignee) Plan Participant (or assignees) By: ___________________________ _______________________/_____________________ Signature of Trustee, Signature(s) of Shareholder(s), Plan Custodian, Fiduciary, Participant (or assignees) Partner or Authorized Officer Client Mailing Address _____________________________________ Financial Advisor and Firm ______________________________________ Street City, State and Zip Code _____________________________________ Firm Address ______________________________________ Client Phone Number _____________________________________ Firm Phone and Fax Number - -------------------------------------------------------------------------------- CAMPBELL [LOGO] & COMPANY INVESTMENT ADVISER LLC THE CAMPBELL MULTI-STRATEGY TRUST COURT TOWERS BUILDING 210 WEST PENNSYLVANIA AVENUE, SUITE 770 TOWSON, MD 21204 PHONE: 800-698-7235 -----END PRIVACY-ENHANCED MESSAGE-----