Case 1: ABC Equity Growth Fund, a US ’40 Act Fund, was to be liquidated after ten years. The fund invested in a variety of large US oriented growth stocks and was left with three securities; one that was illiquid and valued at $1 million and two that were in the middle of the bankruptcy process and deemed worthless.

In this scenario, FLIQ Consulting would help arrange the sale of the illiquid security in a private transaction and purchase the two worthless securities for $1 each. The sale of the worthless securities will enable Fund management to realize a large realized loss, which would offset the final capital gain distribution to fund shareholders. FLIQ would help management sell the rights to the pending class action settlement claims, as well as the rights to future class action settlements. The class action related proceeds would boost the final NAV of the fund for the benefit of the fund’s shareholders.

Case 2: XYZ International Equity Fund, an Irish UCITS Fund, was to be liquidated after a period of 15 years. The fund invested in a variety of international equity securities. Fund management sold all their remaining securities; however, the fund would be left with several outstanding foreign tax reclaims and a smattering of foreign cash in various currencies.

In this scenario, FLIQ Consulting would assist management in the monetization of the foreign tax reclaims through their sale to a third party. FLIQ would purchase the last remaining foreign cash and provide the proceeds in the fund’s base currency. The final proceeds would be paid to the shareholders without the need for management to continue monitoring assets post-liquidation.

Case 3: AAA Private Credit Fund, a private Cayman registered Fund, was to be liquidated after a period of three years. The last remaining asset would be a non-transferable security, the sale of which would be restricted due to the lack of the transfer agent.

FLIQ Consulting would be able to assist the management company by selling the asset to a different entity within the same custodian, thereby keeping the last remaining transfer agency record intact. An orderly liquidation would ensue.