Press Release: Notice of Offer to Purchase for Cash by Osprey Bitcoin Trust Up to 20% or 1,668,107 of its outstanding Units

Generally, the tender of Units for cash pursuant to the Offer will be a taxable sale of the Units for U.S. federal income tax purposes. For a discussion of the U.S. federal income tax consequences of the tender of Units pursuant to the Offer, see Section 10 of the Offer to Purchase. UNITHOLDERS ARE STRONGLY ENCOURAGED TO CONSULT THEIR TAX ADVISORS REGARDING THE TAX CONSEQUENCES OF TENDERING UNITS IN THE OFFER.

The information required to be delivered by Rule 13e-4(d)(1) under the U.S. Securities Exchange Act of 1934, as amended, is contained in the Offer to Purchase, which is incorporated herein by reference.

The Offer to Purchase and the related Letter of Transmittal contain important information that should be carefully read in their entirety before any decision is made with respect to the Offer.

Questions or requests for assistance may be directed to the Information Agent at its telephone number and address set forth below. Requests for additional copies of the Offer to Purchase, the related Letter of Transmittal, the Notice of Guaranteed Delivery or the other Offer materials may be directed to the Information Agent at the telephone number and address set forth below. Stockholders may also contact their broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offer. To confirm delivery of shares, stockholders are directed to contact CSTT, the depositary for the Offer.

 
                       The Depositary for the Offer is: 
 
                  Continental Stock Transfer & Trust Company 
 
     By Mail or Overnight Courier:             By Facsimile Transmission: 
   (for eligible institutions only):                 212-616-7610 
  Continental Stock Transfer & Trust       Continental Stock Transfer & Trust 
                Company                                 Company 
      1 State Street, 30th Floor               1 State Street, 30th Floor 
          New York, NY 10004                       New York, NY 10004 
Attention: Corporate Actions Department       Attention: Corporate Actions 
                                                       Department 
 
                   The Information Agent for the Offer is: 
 
                              Morrow Sodali LLC 
                  333 Ludlow Street, 5th Floor, South Tower 
                              Stamford, CT 06902 
                  Individuals call toll-free (800) 662-5200 
                    Banks and brokers call (203) 658-9400 
                  Email: OBTC.info@investor.morrowsodali.com 
 

This announcement is neither an offer to purchase nor a solicitation of an offer to sell Units. The Offer is made solely pursuant to the Offer to Purchase and Letter of Transmittal. The information contained or referred to therein is incorporated herein by reference. The Offer is being made to all holders of Units, provided that the Offer is not being made to, nor will tenders be accepted from or on behalf of, holders of Units in states in which making or accepting the Offer would violate that state's laws, provided that the Trust will comply with the requirements of Rule 13e-4(f)(8) promulgated under the Securities Exchange Act of 1934, as amended. In any state where the securities, blue sky or other laws require the Offer to be made by a licensed broker or dealer, the Offer shall be deemed to be made on the Trust's behalf by one or more registered brokers or dealers licensed under the laws of such state.

View original content:https://www.prnewswire.com/news-releases/notice-of-offer-to-purchase-for-cash-by-osprey-bitcoin-trust-up-to-20-or-1-668-107-of-its-outstanding-units-302032196.html

SOURCE Osprey Bitcoin Trust

(END) Dow Jones Newswires

January 11, 2024 06:00 ET (11:00 GMT)