LETTER OF TRANSMITTAL
CORBIN MULTI-STRATEGY FUND, LLC
EXHIBIT C
LETTER OF TRANSMITTAL
Regarding Shares in
CORBIN MULTI-STRATEGY FUND, LLC
Tendered Pursuant to the Offer to Repurchase
Dated September 28, 2021
THIS LETTER OF TRANSMITTAL MUST BE
RECEIVED BY UMB FUND SERVICES, INC.
BY OCTOBER 27, 2021.
THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE
AT 11:59 P.M., EASTERN TIME, ON OCTOBER 27, 2021,
UNLESS THE OFFER IS EXTENDED.
Complete This Letter Of Transmittal And Return To:
Corbin Multi-Strategy Fund, LLC
c/o UMB Fund Services, Inc.
235 W. Galena Street
Milwaukee, WI 53212
Attention: Tender Offer Administrator
Phone: (844) 626-7246
Fax: (816) 860-3140
Letter of Transmittal Page 1 of 4
CORBIN MULTI-STRATEGY FUND, LLC
Ladies and Gentlemen:
The undersigned hereby tenders to Corbin Multi-Strategy Fund, LLC, a closed-end, non-diversified management investment company organized as a Delaware limited liability company (the “Fund”), some or all of the shares of limited liability company interest in the Fund (the “Shares”) held by the undersigned, described and specified below, on the terms and conditions set out in the Offer to Repurchase, dated September 28, 2021 (the “Offer”), receipt of which is hereby acknowledged, and in this Letter of Transmittal. THE OFFER AND THIS LETTER OF TRANSMITTAL ARE SUBJECT TO ALL THE TERMS AND CONDITIONS SET OUT IN THE OFFER, INCLUDING, BUT NOT LIMITED TO, THE ABSOLUTE RIGHT OF THE FUND TO REJECT ANY AND ALL TENDERS DETERMINED BY IT, IN ITS SOLE DISCRETION, NOT TO BE IN THE APPROPRIATE FORM.
The undersigned hereby sells to the Fund the Shares tendered pursuant to this Letter of Transmittal. The undersigned warrants that it has full authority to sell the Shares tendered hereby and that the Fund will acquire good title to the Shares, free and clear of all liens, charges, encumbrances, conditional sales agreements or other obligations relating to this sale, and not subject to any adverse claim, when and to the extent the Shares are repurchased by the Fund. Upon request, the undersigned will execute and deliver any additional documents necessary to complete the sale in accordance with the terms of the Offer.
The undersigned recognizes that under certain circumstances set out in the Offer, the Fund may not be required to repurchase the Shares tendered hereby.
Payment of the repurchase price for the Shares in the Fund, or portion thereof, of the undersigned, as described in Section 7 of the Offer to Repurchase, shall be wired to an account designated by the undersigned or sent to the undersigned at its mailing address as listed in the Fund’s records, unless the undersigned advises the Fund in writing of a change in its mailing address. The undersigned recognizes that the amount of the payment (initial payment in the case of Members tendering all of their Shares) will be based on the unaudited net asset value as of December 31, 2021 of the Shares or portion thereof tendered. When Shares are repurchased by the Fund, Members will generally receive cash distributions equal to the value of the Shares repurchased, less any Early Withdrawal Charge relating to such Shares. However, in the sole discretion of the Fund, the proceeds of repurchases of Shares may be paid by the in-kind distribution of securities held by the Fund, or partly in cash and partly in-kind.
The undersigned recognizes that the amount of the initial payment of the repurchase amount for Shares will be based on the unaudited value of the Fund as of December 31, 2021, subject to an extension of the Offer as described in Section 8 of the Offer, less any Early Withdrawal Charge relating to such Shares. The Fund will pay the balance, if any, of the repurchase price owed to Members based on the audited financial statements of the Fund for the fiscal year in which such repurchase was effective. It is anticipated that the annual audit of the Fund’s financial statements will be completed no later than 60 days after the fiscal year-end of the Fund.
All authority conferred or agreed to be conferred in this Letter of Transmittal will survive the death or incapacity of the undersigned and the obligation of the undersigned hereunder will be binding on the heirs, personal representatives, successors and assigns of the undersigned. Except as stated in Section 6 of the Offer, this tender is irrevocable.
PLEASE FAX OR MAIL TO:
CORBIN MULTI-STRATEGY FUND, LLC, c/o UMB FUND SERVICES, INC., 235 W. GALENA Street, MILWAUKEE, WI 53212, Attention: Tender Offer Administrator. FOR ADDITIONAL INFORMATION: PHONE: (844) 626-7246 OR FAX: (816) 860-3140.
Letter of Transmittal Page 2 of 4
LETTER OF TRANSMITTAL
Valuation Date: December 31, 2021
Tender Expiration Date: 11:59 p.m. ET, October 27, 2021
PLEASE COMPLETE PARTS 1, 2, 3, AND 4
| PLEASE FAX OR MAIL TO: | |
| CORBIN MULTI-STRATEGY FUND, LLC | FOR ADDITIONAL INFORMATION: |
| UMB Fund Services, Inc. | PHONE: (844) 626-7246 |
| 235 W. Galena St. | FAX: (816) 860-3140 |
| Milwaukee, WI 53212 | |
PLEASE CONTACT YOUR FINANCIAL INTERMEDIARY BEFORE SUBMITTING YOUR TENDER REQUEST.
PART 1 – NAME AND ADDRESS
| Fund Account #: | |
| Full Account Registration Line 1: | |
| Full Account Registration Line 2: | |
| Telephone Number: | |
| | |
| Advisor Firm Name: | |
| Advisor Rep Name | |
| Advisor Telephone Number: | |
| | |
| FOR CUSTODIAL ACCOUNTS ONLY (IRA, 401k, ETC.) |
| Custodial Account #: | |
| Custodian Name: | |
| Custodian Address: | |
| Custodian City, State, Zip: | |
| Custodian Telephone Number: | |
PART 2 – AMOUNT OF SHARES IN THE FUND BEING TENDERED:
[ ] Entire amount of Shares
| [ ] Portion of Shares | $ | | or | | Number of Shares | |
The undersigned understands and agrees that if the undersigned tenders an amount that would cause the undersigned’s remaining Shares to have a NAV of less than $25,000 (except as a result of pro ration), the Board of Managers of the Fund may reduce the amount to be repurchased from the undersigned so that the required minimum account balance is maintained or repurchase the remainder of the undersigned’s Shares in the Fund.
Letter of Transmittal Page 3 of 4
LETTER OF TRANSMITTAL
PART 3 – PAYMENT
PAYMENT GUIDELINES: Proceeds from tax deferred and tax exempt registration types are required to be returned to the custodian on record.
If you invest in the fund through a financial intermediary, that financial intermediary may require alternate payment and/or delivery instructions, notwithstanding your request herein. Please contact your financial intermediary before submitting your tender request.
Please Deliver All Proceeds via Federal Wire to the Following:
| Bank Name: | |
| ABA Routing Number: | |
| For Credit to: | |
| Name(s) on Bank Account: | |
| Bank Account Number: | |
| For Further Credit to: | |
| Name(s) on Investors Account: | |
| Investor Account Number at Broker: | |
HOLDBACK PAYMENTS: Holdback payments will be delivered after the Fund’s audit is complete at the end of the Fiscal Year to the same wire instruction the tender proceeds are delivered to. If alternate payment instructions are needed for the holdback, please contact UMB Fund Services, Inc. (“UMBFS”) at the (844) 626-7246 for instructions.
PART 4 - SIGNATURE(S)
| | | |
| Signature | Print Name of Authorized Signatory (and Title if applicable) | Date |
| | | |
| Signature | Print Name of Authorized Signatory (and Title if applicable) | Date |
| | | |
| Signature | Print Name of Authorized Signatory (and Title if applicable) | Date |
THIS DOCUMENT REQUIRES A MEDALLION SIGNATURE GUARANTEE BELOW ONLY WHEN AUTHORIZED SIGNER(S) INSTRUCT THE FUND TO SEND TENDER PROCEEDS TO AN ACCOUNT OTHER THAN THE BROKER/CUSTODIAN ACCOUNT OF RECORD.
PLEASE CONTACT YOUR FINANCIAL INTERMEDIARY BEFORE SUBMITTING YOUR TENDER REQUEST.
Letter of Transmittal Page 4 of 4
