SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant |X| Filed by a Party other than the Registrant |_|
Check the appropriate box:
| |_| | | Preliminary Proxy Statement. |
| |_| | | Confidential, for use of the Commission Only (as permitted by Rule 14a-6(e)(2)). |
| |_| | | Definitive Proxy Statement. Definitive Proxy Statement. |
| |X| | | Definitive Additional Materials. |
| |_| | | Soliciting Material Pursuant to Sec. 240.14a-12. |
Multi-Strategy Hedge Advantage
Multi-Strategy Hedge Opportunities, LLC
(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment Of Filing Fee (Check the appropriate box):
| |_| | | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
| | 1) Title of each class of securities to which transaction applies:
|
| | 2) Aggregate number of securities to which transaction applies:
|
| | 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
|
| | 4) Proposed maximum aggregate value of transaction:
|
| |_| | | Fee paid previously with preliminary materials. |
| |_| | | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. |
| | 1) Amount Previously Paid:
|
| | 2) Form, Schedule or Registration Statement No.:
|
Important Merrill Lynch Proxy Materials Requiring Immediate Attention
Multi-Strategy Hedge Advantage
Multi-Strategy Hedge Opportunities, LLC
(each, a “Fund”)
Dear Shareholders:
You have previously received proxy materials dated June 16, 2006 with respect to a special shareholders’ meeting originally to be held on August 15, 2006, and adjourned until August 31, 2006 and later to September 22, 2006. Please note the following corrections:
Page G-4 of the table of Investment Advisory Agreements contained the following incorrect information relating to the Current Advisory Fee, Current Administration Fee and New Advisory Fee for each Fund.
Fund
| Current
Advisory Fee
(as a
percentage
of average
net assets) (%)
| Current
Administration Fee
(as a percentage
of average daily
net assets) (%)
| New
Advisory Fee
(as a percentage
of average daily
net assets) (%))†
|
|---|
| Multi-Strategy Hedge Opportunities | | | | 0.25 | | | ___ | | | 0.25 | |
| Multi-Strategy Hedge Advantage | | | | 0.25 | | | ___ | | | 0.25 | |
The followingcorrectinformation replaces the above disclosure applicable to the Funds on page G-4:
Fund
| Current
Advisory Fee
(as a
percentage
of average
net assets) (%)
| Current
Administration Fee
(as a percentage
of average daily
net assets) (%)
| New
Advisory Fee
(as a percentage
of average daily
net assets) (%))†
|
|---|
| Multi-Strategy Hedge Opportunities | | | | 1.50 | | Footnote 1 | | | | 1.50 | |
| Multi-Strategy Hedge Advantage | | | | 1.50 | | Footnote 2 | | | | 1.50 | |
| † | | For certain Funds the breakpoints described in the footnotes are voluntary and under the New Investment Advisory Agreements will continue to be voluntary. See the Fund’s current prospectus for further information. |
| (1) | | The Fund pays PFPC, Inc. a monthly fee at the annual rate of 0.075% of the Fund’s average month-end net assets not exceeding $250 million, 0.050% of the Fund’s average month-end net assets exceeding $250 million but not in excess of $500 million, and 0.040% of the Fund’s average month-end net assets in excess of $500 million. The Fund also pays PFPC, Inc. certain fees for tax preparation and other services. PFPC, Inc. is also reimbursed by the Fund for out-of-pocket expenses (including those of any third party retained to assist PFPC, Inc.) relating to services provided to the Fund. |
| (2) | | The Fund pays PFPC, Inc., a monthly fee at the annual rate of 0.075% of the Fund’s aggregate beginning of the month net assets not exceeding $200 million, 0.050% of the Fund’s aggregate beginning of the month net assets exceeding $200 million but not in excess of $400 million, and 0.030% of the Fund’s aggregate beginning of the month net assets in excess of $400 million. The Fund also pays PFPC, Inc. certain fees for tax preparation and other services. PFPC, Inc. is also reimbursed by the Fund for out-of-pocket expenses (including those of any third party retained to assist PFPC, Inc.) relating to services provided to the Fund. |
Please review. If you have already voted and do not want to change your vote, you do not need to take any action. If you have already voted and would like to change your vote or if you have not yet voted, please vote your proxy today by doing the following:
By Phone
Please call Computershare Fund Services toll-free at (866) 752-6486. Representatives are available to take your vote Monday through Friday between the hours of 9:00 a.m. and 11:00 p.m., and Saturday from 12:00 p.m. to 6:00 p.m. Eastern Time.
By Internet
Visit www.vote.proxy-direct.com and follow the simple instructions.
By Touch-tone Phone
Call toll free (866) 877-9383 and follow the simple instructions.
If you have not yet voted, you may also vote as follows:
By Mail
Simply return your executed proxy card in the envelope provided.
