SC TO-I/A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
(Final Amendment)
(Rule 13e-4)
TENDER OFFER
STATEMENT PURSUANT TO SECTION 14(D)(1) OR 13(E)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
Blackstone Alternative Alpha Fund
(Name of Issuer)
Blackstone Alternative Alpha Fund
(Name of Person(s) Filing Statement)
Shares of
Beneficial Interest
(Title of Class of Securities)
N/A
(CUSIP Number of
class of securities)
Arthur Liao
c/o
Blackstone Alternative Asset Management L.P.
345 Park Avenue, 29th Floor
New York, New York 10154
(212) 583-5013
(Name,
Address and Telephone No. of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing Statement)
With a
copy to:
James E. Thomas, Esq.
Ropes & Gray LLP
Prudential Tower
800
Boylston Street
Boston, Massachusetts 02199-3600
(617) 951-7367
September 26, 2013
(Date Tender Offer First Published, Sent or Given to Security Holders)
Calculation of Filing Fee
|
|
|
| Transaction Valuation |
|
Amount of Filing Fee |
| $50,021,402(a) |
|
$6,823 (b) |
| |
| (a) |
Calculated as the aggregate maximum purchase price for shares of beneficial interest, based upon the net asset value per share as of August 31, 2013. |
| (b) |
Calculated at $136.40 per $1,000,000.00 of the Transaction Valuation. |
| x |
Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or
the Form of Schedule and the date of its filing. |
|
|
|
| Amount Previously Paid: $6,823 |
|
Filing Parties: Blackstone Alternative Alpha Fund |
| Form or Registration No.: Schedule TO |
|
Date Filed: September 26, 2013 |
| ¨ |
Check the box if the filing relates solely to preliminary communications made before commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
| |
¨ |
third-party tender offer subject to Rule 14d-1. |
| |
x |
issuer tender offer subject to Rule 13e-4. |
| |
¨ |
going-private transaction subject to Rule 13e-3. |
| |
¨ |
amendment to Schedule 13D under Rule 13d-2. |
Check the following box if the filing is a final amendment
reporting the results of the tender offer: x
SCHEDULE TO
This Final Amendment relates to the Tender Offer Statement on Schedule TO (the “Statement”) originally filed by Blackstone Alternative Alpha Fund
(the “Fund”) on September 26, 2013 relating to the tender offer (the “Offer”) by the Fund to purchase up to 45,995 of its outstanding shares of beneficial interest (the “Shares”) at a price equal to the net asset
value per Share as of December 31, 2013 on the terms and subject to the conditions set forth in the Offer to Purchase filed as Exhibit (a)(1)(ii) to the Statement (the “Offer to Purchase”).
This is the Final Amendment to the Statement and is being filed to report the results of the Offer. The following information is furnished pursuant to Rule
13e-4(c)(4):
| 1. |
The Offer expired at 11:59 p.m., Eastern Time, on October 25, 2013. |
| 2. |
2,667.98 Shares were validly tendered and not withdrawn prior to the expiration of the Offer. |
| 3. |
The net asset value of Shares tendered pursuant to the Offer was calculated as of December 31, 2013 in the amount of $3,081,756. |
| 4. |
The payment of the purchase price of the Shares tendered was made in the form of promissory notes respectively given to the Shareholders whose tenders were accepted for purchase by the Fund in accordance with the terms
of the Offer. Pursuant to the promissory notes, the Fund paid on or about January 30, 2014 to the tendering Shareholders a total of $2,769,638, representing approximately 90% of the unaudited net asset value of the total amount of the Shares
tendered by Shareholders. The promissory note issued to a Shareholder also entitles such Shareholder to receive a contingent post-audit payment equal to the amount (if any) by which the net asset value of the Shares tendered by such Shareholder and
purchased by the Fund as of the Valuation Date (as such net asset value may be adjusted based on the next annual audit of the Fund’s financial statements) exceeds the initial payment to such Shareholder. The post-audit payment will be paid
promptly after the completion of the Fund’s annual audit. Proceeds of the initial payment and post-audit payment will be wire-transferred. |
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and
correct.
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|
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| BLACKSTONE ALTERNATIVE ALPHA FUND |
|
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|
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By: |
|
/s/ Arthur Liao |
|
|
Name: |
|
Arthur Liao |
|
|
Title: |
|
Principal Financial Officer |
Dated: February 11, 2014
