EX-FILING FEES 3 tm2328727d1_ex-filingfees.htm EX-FILING FEES

 

EX-FILING FEES

 

Calculation of Filing Fee Tables

 

FORM SC TO-I/A
(Form Type)

 

Destiny Alternative Fund (TEI) LLC
(Exact Name of Registrant as Specified in its Charter)

 

Table 1 – Transaction Valuation

 

  Transaction
Valuation
Fee rate Amount of
Filing Fee
Fees to Be Paid $0.0001102
Fees Previously Paid $778,000(1)   $-(2)
Total Transaction Valuation $778,000    
Total Fees Due for Filing     $-
Total Fees Previously Paid     -
Total Fee Offsets     -
Net Fee Due     $-

 

(1) Estimated for purposes of calculating the amount of the filing fee only. The amount is based upon the offer to purchase up to 8,049 Units (approximately 5.00% of the net assets of the Fund as of September 30, 2022) based on the net asset value of the Fund as of close of business on September 30, 2022 of $15,551,636.

 

Table 2 – Fee Offset
Claims and Sources (2)

 

  Registrant
or Filer Name
Form or
Filing Type
File Number Initial
Filing Date
Filing Date Fee Offset
Claimed
Fee Paid with
Fee Offset Source
Fee Offset Claims   SC TO-I 005-93827   11/22/2022 $85.74  
Fee Offset Sources Destiny Alternative Fund LLC SC TO-I 005-93827   11/22/2022   $154.28

 

 

(2) Issuer is a feeder fund in a master-feeder structure and invests substantially all of its assets in Destiny Alternative Fund LLC (the “Master Fund”). All Shares repurchased from investors of the Issuer by the Issuer, if any, will have corresponding repurchases of limited liability company interests of the Master Fund from the Issuer. The Master Fund pays tender offer registration fees for its corresponding tender offer, which is also subject to Rule 13e-4. Issuer avails itself of SEC staff no-action relief applicable to feeder funds for fees on shares they offer to repurchase from the public. See Ironwood Multi-Strategy Fund LLC and Ironwood Institutional Multi-Strategy Fund LLC, SEC No-Action Letter (pub. avail. April 19, 2017).

 

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