Exhibit (a)(1)(B)
NOTICE OF INTENT TO TENDER
REGARDING
SHARES
OF
AB PRIVATE CREDIT INVESTORS CORPORATION
Tendered Pursuant to the Offer to Purchase Dated November 26, 2021
THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT, AND THIS NOTICE OF INTENT TO TENDER MUST BE RECEIVED BY, 5:00 P.M. EASTERN TIME ON DECEMBER 31, 2021 (THE “EXPIRATION DATE”), UNLESS THE OFFER IS EXTENDED.
Complete this Notice of Intent to Tender and return or deliver it to your Bernstein advisor.
If you do not have a Bernstein advisor, you may return it to:
1345 Avenue of the Americas, Attn: Private Client, 40th Floor,
New York, New York, 10105; or fax it to (212) 407-5850.
For additional information, call your Bernstein advisor.
You may also direct questions to the main office of Bernstein at (212) 486-5800.
AB Private Credit Investors Corporation
The undersigned hereby tenders to AB Private Credit Investors Corporation, an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended (“AB PCIC” or the “Fund”), shares of the Fund’s common stock, par value $0.01 per shares (the “Shares”), held by the undersigned, described and specified below, on the terms and conditions set out in the Offer to Purchase, dated November 26, 2021 (the “Offer to Purchase”), receipt of which is hereby acknowledged, and in this Notice of Intent to Tender. THE OFFER AND THIS NOTICE OF INTENT TO TENDER ARE SUBJECT TO ALL THE TERMS AND CONDITIONS SET OUT IN THE OFFER TO PURCHASE INCLUDING, BUT NOT LIMITED TO, THE ABSOLUTE RIGHT OF THE FUND OR ITS AGENTS 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 Notice of Intent to Tender. 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 set out in the Offer to Purchase.
The undersigned recognizes that under certain circumstances set out in the Offer to Purchase, the Fund may not be required to purchase the Shares tendered hereby.
Until cash payment has been made, a non-interest bearing, non-transferable promissory note for the purchase price will be held in an account for the undersigned with AllianceBernstein Investor Services, Inc., the Company’s transfer agent and agent designated for this purpose. A copy may be requested by calling your Bernstein advisor and, upon request, will be provided to the undersigned at the email address on record with the Fund, or by mail at the address of the undersigned as maintained in the Fund’s records. Subsequently, cash payment of the purchase price for the Shares tendered by the undersigned will be made as instructed in Part 3 of this Notice of Intent to Tender. The undersigned understands that the purchase price will be based on the unaudited net asset value per Share as of December 31, 2021. All authority conferred or agreed to be conferred in this Notice of Intent to Tender 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 the Offer to Purchase, this tender is irrevocable.
PLEASE FAX, MAIL OR EMAIL THIS NOTICE OF INTENT TO TENDER TO YOUR BERNSTEIN ADVISOR NO LATER THAN 5:00 P.M. EASTERN TIME ON THE EXPIRATION DATE. IF YOU DO NOT HAVE A BERNSTEIN ADVISOR, THIS NOTICE OF INTENT TO TENDER MUST BE RECEIVED IN GOOD ORDER, NO LATER THAN 5:00 P.M. EASTERN TIME ON THE EXPIRATION DATE, BY THE COMPANY’S TRANSFER AGENT, ALLIANCEBERNSTEIN INVESTOR SERVICES, INC., AT THE FOLLOWING ADDRESS: ALLIANCEBERNSTEIN L.P., 1345 AVENUE OF THE AMERICAS, ATTN: PRIVATE CLIENT, 40TH FLOOR, NEW YORK, N.Y. 10105; OR BY FAX TO (212) 407-5850. FOR ADDITIONAL INFORMATION CONTACT YOUR BERNSTEIN ADVISOR OR BERNSTEIN’S MAIN OFFICE AT (212) 486-5800.
PART 1 Stockholder Information:
Name of Stockholder: (account name)
Account Number:
PART 2 Shares Being Tendered: (specify one)
☐ All of the undersigned’s Shares.
Effect on Remaining Capital Commitment: By electing this option, stockholders that entered into a Capital Commitment (as defined in the Offer to Purchase) on or before November 26, 2018 will be released from such Capital Commitment and, if all Shares are accepted, will no longer be stockholders in the Fund.
Dividend Reinvestment Plan Election: If a stockholder has not opted in to the Dividend Reinvestment Plan, no action is necessary.
For stockholders that entered into a Capital Commitment on or before November 26, 2018 , by virtue of delivery of this Notice of Intent to Tender, the election to tender all of the undersigned’s Shares shall be deemed an instruction to the Fund to notify State Street Bank and Trust Company (the administrator of the Fund’s Dividend Reinvestment Plan) of a change of election to have all dividends of the Fund paid in cash to the stockholder beginning with dividends payable on or after December 31, 2021.
For stockholders that have made Capital Commitments after November 26, 2018, the delivery of this Notice of Intent to Tender and tender of all of the undersigned’s Shares shall not be deemed an instruction to the Fund to notify State Street Bank and Trust Company of a change of election under the Fund’s dividend reinvestment plan, unless this box is checked to opt out of the Fund’s dividend reinvestment plan: ☐
☐ A portion of the undersigned’s Shares expressed as the following percentage of current shareholdings: %.
Effect on Remaining Capital Commitment:
Stockholders that entered into a Capital Commitment (as defined in the Offer to Purchase) on or before November 26, 2018 will be released such Capital Commitment unless they elect to keep their Capital Commitment in effect by selecting an option below:
☐ Maintain such Capital Commitment.
☐ Release from such Capital Commitment (Default election if no election is made).
☐ The following number of Shares: .
Effect on Remaining Capital Commitment:
Stockholders that entered into a Capital Commitment (as defined in the Offer to Purchase) on or before November 26, 2018 will be released from such Capital Commitment unless they elect to keep their Capital Commitment in effect by selecting an option below:
☐ Maintain such Capital Commitment.
☐ Release from such Capital Commitment (Default election if no election is made).
PART 3 Payment:
If you want to request that 100% of the cash payment of the note be sent to a single destination, please check one option below and provide the relevant information:
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☐ Journal to Bernstein Account Number: | | |
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☐ Wire or ACH Transfer (circle one) | | |
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ABA Routing Number or BIC/SWIFT: | | |
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Recipient/For Credit to: (Account Title) | | |
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Account Number: (if applicable) | | |
Alternatively, if you want to request that cash payment of the note be divided among two or more destinations, please provide the relevant instructions in this section, specifying amounts and percentages as needed:
PART 4 Signature(s)
By signing below, you acknowledge that you have received and reviewed the Offer to Purchase and that the Fund will execute your tender request as detailed in Parts 1-3 unless a Notice of Withdrawal is properly submitted prior to the Expiration Date outlined in the Offer to Purchase.
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| Print Signatory Name and Title (if any) | | Signature | | Date |
| Print Signatory Name and Title (if more than one) | | Signature | | Date |
| Print Signatory Name and Title (if more than one) | | Signature | | Date |
