EXHIBIT C
CORSAIR OPPORTUNITY FUND
LETTER OF TRANSMITTAL
Regarding Shares in
CORSAIR OPPORTUNITY FUND
Tendered Pursuant to the Offer to Purchase
Dated June 16, 2016
THIS LETTER OF TRANSMITTAL MUST BE
RECEIVED BY UMB FUND SERVICES, INC.
BY July 15, 2016.
THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE
AT 11:59 P.M., EASTERN TIME, ON July 15, 2016,
UNLESS THE OFFER IS EXTENDED.
Complete This Letter Of Transmittal And Return To:
Corsair Opportunity Fund
c/o UMB Fund Services, Inc.
235 W. Galena Street
Milwaukee, WI 53212
Attention: Tender Offer Administrator
Phone: (855) 553-3350
Fax: (816) 860-3140
Letter of Transmittal Page 1 of 4
CORSAIR OPPORTUNITY FUND
Ladies and Gentlemen:
The undersigned hereby tenders to Corsair Opportunity Fund, a closed-end, non-diversified management investment company organized as a statutory trust under the laws of the State of Delaware (the “Fund”), some or all of the shares of beneficial 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 Purchase, dated June 16, 2016 (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 purchased 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 purchase the Shares tendered hereby.
A promissory note (the “Note”) for the value of the purchased Shares will be held by UMB Fund Services, Inc. (“UMBFS”) on behalf of the undersigned. Upon written request by the undersigned to UMBFS, UMBFS will mail the Note to the undersigned at the address of the undersigned as maintained in the books and records of the Fund. The payment of the purchase amount for the Shares tendered by the undersigned will be made by wire transfer of the funds to an account designated by the undersigned in this Letter of Transmittal.
The Note will reflect the purchase amount as described in Section 7 of the Offer. The undersigned recognizes that the amount of the payment of the purchase amount for Shares will be based on the unaudited value of the Fund as of August 31, 2016, subject to an extension of the Offer as described in Section 8 of the Offer.
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:
CORSAIR OPPORTUNITY FUND, c/o UMB FUND SERVICES, INC., 235 W. GALENA Street, MILWAUKEE, WI 53212, Attention: Tender Offer Administrator. FOR ADDITIONAL INFORMATION: PHONE: (855) 553-3350 OR FAX: (816) 860-3140.
Letter of Transmittal Page 2 of 4
LETTER OF TRANSMITTAL
Tender Date: August 31, 2016
Tender Expiration Date: 11:59 p.m. ET, July 15, 2016
PLEASE COMPLETE PARTS 1, 2, 3, AND 4
PLEASE FAX OR MAIL TO: CORSAIR OPPORTUNITY FUND UMB Fund Services, Inc. 235 W. Galena St. Milwaukee, WI 53212 | FOR ADDITIONAL INFORMATION: PHONE: (855) 553-3350 FAX: (816) 860-3140 |
PLEASE CONTACT YOUR FINANCIAL INTERMEDIARY BEFORE SUBMITTING YOUR TENDER REQUEST.
PART 1 – NAME AND ADDRESS
Corsair Opportunity Fund Acct #: | |
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 net asset value of less than $50,000 (except as a result of pro ration), the Board of Trustees 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: |
PROMISSORY NOTE: The Note reflecting the payment of the purchase amount, as applicable, will be held by UMBFS on the undersigned’s behalf. Upon a written request by the undersigned to UMBFS, UMBFS will mail the Note to the undersigned at the address of the undersigned as maintained in the books and records of the Fund.
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
TO CANCEL TENDER PREVIOUSLY SUBMITTED
ONLY COMPLETE THIS FORM IF YOU WISH TO CANCEL THE INSTRUCTIONS
YOU SUBMITTED ON YOUR LETTER OF TRANSMITTAL.