4//SEC Filing
PNC ABSOLUTE RETURN FUND LLC 4
Accession 0001181431-10-021090
CIK 0001173172other
Filed
Apr 8, 8:00 PM ET
Accepted
Apr 9, 11:49 AM ET
Size
6.9 KB
Accession
0001181431-10-021090
Insider Transaction Report
Form 4
PNC INVESTMENT CORP
10% Owner
Transactions
- Sale
Limited Liability Comany Interest
2010-04-08−0→ 0 total
Footnotes (3)
- [F1]The transaction reported on this Form 4 is the sale by the reporting person of a portion of its limited liability company interests (the "interests") to the issuer pursuant to an issuer tender offer. Under the terms of the offer, the issuer accepted interests that were tendered by the reporting person when the issuer gave written notice to the reporting person of the issuer's election to purchase the interests. The transaction date listed is the date the reporting person received the written notice. As noted below, however, the amount to be paid by the issuer will be based on the net asset value of the purchased interests on June 30, 2010.
- [F2]Under the terms of the offer, the reporting person's interests will be purchased based on their net asset value (the value of the issuer's assets minus its liabilities, multiplied by the proportionate interest in the issuer of the reporting person's interests purchased in the offer), calculated as of June 30, 2010. Because the calculation has not yet occurred, the reporting person does not know the net asset value of the interests sold, which corresponds to the price of the interests sold. The reporting person will provide this information by an amendment to this Form 4.
- [F3]The amount to be reported as beneficially owned following the transaction will be equal to the reporting person's capital account balance in the issuer, calculated as of June 30, 2010. Because the calculation has not yet occurred, the reporting person does not know the capital account balance attributable to the interests it will continue to own. The reporting person will provide information regarding the amount beneficially owned following the transaction by an amendment to this Form 4.
Documents
Issuer
PNC ABSOLUTE RETURN FUND LLC
CIK 0001173172
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001173172
Filing Metadata
- Form type
- 4
- Filed
- Apr 8, 8:00 PM ET
- Accepted
- Apr 9, 11:49 AM ET
- Size
- 6.9 KB