Exhibit (a)(1)(iii)
Letter of Transmittal
Regarding Shares in HPS Corporate Lending Fund
For Clients of HPS Securities, LLC
Tendered Pursuant to the Offer to Purchase
Dated August 1, 2024
The Offer and withdrawal rights will expire on August 29, 2024
and this Letter of Transmittal must be received by
the Fund’s Transfer Agent by mail or e-mail by 11:59 p.m.,
Eastern Time, on August 29, 2024, unless the Offer is extended
Complete this Letter of Transmittal and follow the Transmittal
Instructions included herein
Ladies and Gentlemen:
The undersigned hereby tenders to HPS Corporate Lending Fund, a 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 (the “1940 Act”) and is organized as a Delaware statutory trust (the “Fund”), the shares of beneficial interest in the Fund or portion thereof held by the undersigned, described and specified below, on the terms and conditions set forth in the Offer to Purchase dated August 1, 2024 (the “Offer to Purchase”), receipt of which is hereby acknowledged, and in this Letter of Transmittal (which together with the Offer to Purchase constitute the “Offer”). The Tender and this Letter of Transmittal are subject to all the terms and conditions set forth in the Offer to Purchase, 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 of beneficial interest in the Fund or portion thereof tendered hereby pursuant to the Offer.
The undersigned hereby warrants that the undersigned has full authority to sell the shares of beneficial interest in the Fund or portion thereof tendered hereby and that the Fund will acquire good title thereto, free and clear of all liens, charges, encumbrances, conditional sales agreements or other obligations relating to the sale thereof, and not subject to any adverse claim, when and to the extent the same are purchased by it. 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 forth in the Offer, the Fund may not be required to purchase any of the beneficial shares of interest in the Fund or portions thereof tendered hereby.
A non-transferable, non-interest bearing promissory note for the purchase price will be issued to the undersigned if the Fund accepts for purchase the shares tendered hereby. The undersigned acknowledges that U.S. Bancorp Fund Services, LLC (d/b/a U.S. Bank Global Fund Services), the Fund’s transfer agent, will hold the promissory note on behalf of the undersigned. The cash payment(s) of the purchase price for the shares of beneficial interest in the Fund or portion thereof of the undersigned, as described in Section 6 “Purchases and Payment” of the Offer to Purchase, shall be wired to the account from which your subscription funds were debited.
All authority herein conferred or agreed to be conferred shall survive the death or incapacity of the undersigned and the obligation of the undersigned hereunder shall be binding on the heirs, personal representatives, successors and assigns of the undersigned. Except as stated in Section 5 “Withdrawal Rights” of the Offer to Purchase, this tender is irrevocable.
VALUATION DATE: September 30, 2024
TENDER OFFER EXPIRATION DATE: 11:59 p.m. (Eastern Time), August 29, 2024
PARTS 1, 2, 3, 4 AND 6 MUST BE COMPLETED AND IN GOOD ORDER IN ORDER TO PROCESS YOUR REQUEST
If You Invest In The Fund Through A Financial Intermediary Through Whom You Expect To Have Your Tender Offer Request Submitted, Please Allow For Additional Processing Time As The Letter of Transmittal Must Ultimately Be Received By The Fund’s Transfer Agent No Later Than 11:59 p.m. (Eastern Time) On The Expiration Date.
PLEASE MAIL OR E-MAIL COMPLETED FORMS TO THE FUND'S TRANSFER AGENT AT:
HPS Corporate Lending Fund
c/o U.S. Bank Global Fund Services
615 East Michigan Street
Milwaukee, WI 53202
E-mail: tenders@usbank.com
PART 1 – NAME (AS IT APPEARS ON YOUR HPS CORPORATE LENDING FUND STATEMENT) AND CONTACT INFORMATION
| | | | | | | | |
| | |
Fund Name: | | |
Fund Account #: | | |
Account Name/Registration: | | |
Address: | | |
City, State, Zip | | |
Telephone Number: | | |
Email Address: | | |
Financial Intermediary Firm Name: | | |
Financial Intermediary Account #: | | |
Financial Advisor Name: | | |
Financial Advisor Telephone #: | | |
PART 2 – REQUESTED TENDER AMOUNT
Please select repurchase type by checking one of the boxes below. If you are requesting a partial repurchase, please provide a number of Shares.
| | | | | |
☐ | Partial Repurchase* of Class I Shares (__________________________ Shares) |
| | | | | |
☐ | Partial Repurchase* of Class D Shares (__________________________ Shares) |
| | | | | |
☐ | Partial Repurchase* of Class F Shares (__________________________ Shares) |
| | | | | |
☐ | Partial Repurchase* of Class S Shares (__________________________ Shares) |
| | | | | |
* |
If the requested partial repurchase would put the account balance below the required minimum balance, the Fund may reduce the amount to be repurchased such that the required minimum balance is maintained, unless you indicate otherwise by checking the following box: |
☐ | Change request to Full Repurchase if amount requested to be repurchased would need to be reduced to maintain minimum account balance |
HPS CORPORATE LENDING FUND ACCOUNT #: (Should be the same as on the prior page)
PART 3 – REPURCHASE TYPE (Check one, required)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
☐ | Normal | |
☐ | Death | |
☐ | Disability | |
☐ | Divorce |
OTHER TENDER OFFER CONSIDERATIONS
(select only one)
Our share repurchase plan contains limitations on the number of shares that can be repurchased under the plan during any quarter. In addition to these limitations, we cannot guarantee that we will have sufficient funds to accommodate all repurchase requests made in any applicable repurchase period and we may elect to repurchase fewer shares than have been requested in any particular quarter, or none at all. If the number of shares subject to repurchase requests exceeds the then applicable limitations, or if we otherwise do not make all requested repurchases, each shareholder’s request will be reduced on a pro rata basis. If repurchase requests are reduced on a pro rata basis, you may elect (at the time of your repurchase request) to either withdraw your entire request for repurchase or have your request honored on a pro-rata basis. If you wish to have the remainder of your initial request repurchased, you must submit a new repurchase request, in the next repurchase period, for the remaining amount. Please select one of the following options below. If an option is not selected, your repurchase request will be processed on a pro-rata basis, if needed.
| | | | | |
☐ |
Process my repurchase request on a pro-rata basis |
☐ | Withdraw (do not process) my entire repurchase request if amount will be reduced on a pro-rata basis. |
PART 4 – COST BASIS SELECTION (Select only one)
U.S. federal income tax information reporting rules generally apply to certain transactions in our shares. Where they apply, the “cost basis” calculated for the shares involved will be reported to the Internal Revenue Service (“IRS”) and to you. Generally, these rules apply to our shares, including those purchased through our distribution reinvestment plan. You should consult your own tax advisor regarding the consequences of these new rules and your cost basis reporting options.
Indicate below the cost basis method you would like us to apply.
IMPORTANT: If an option is not selected, your cost basis will be calculated using the FIFO method.
| | | | | |
☐ | FIFO (First – In / First Out) |
☐ | LIFO (Last – In / First Out) Consult your tax advisor to determine whether this method is available to you. |
☐ | Specific Lots |
If you have selected “Specific Lots,” please identify the lots below:
| | | | | |
Date of Purchase: | Amount of Purchase: |
| |
Date of Purchase: | Amount of Purchase: |
| |
Date of Purchase: | Amount of Purchase: |
PART 5 – PAYMENT
Payments will be directed back to the account from which your subscription funds were debited. Contact your financial intermediary or account manager if you have any questions.
PART 6 – SIGNATURE(S)
The undersigned subscriber acknowledges that this request is subject to all the terms and conditions set forth in the Fund’s Prospectus and the Offer to Purchase dated August 1, 2024 (the “Offer to Purchase”) and all capitalized terms used herein have the meaning as defined in the Fund’s Prospectus. This request is irrevocable except as described in the Offer to Purchase. The undersigned represents that the undersigned is the beneficial owner of the shares in the Fund to which this repurchase request relates, or that the person signing this request is an authorized representative of the tendering shareholder.
In the case of joint accounts, each joint holder must sign this repurchase request. Requests on behalf of a foundation, partnership or any other entity should be accompanied by evidence of the authority of the person(s) signing.
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Signature | | Print Name of Authorized Signatory (and Title if applicable) | | Date |
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Signature | | Print Name of Authorized Signatory (and Title if applicable) | | Date |
Letter of Transmittal
Regarding Shares in HPS Corporate Lending Fund
For Clients of Charles Schwab & Co., Inc.,
National Financial Services LLC / Fidelity Brokerage Services LLC,
and Pershing, LLC Tendered Pursuant to the Offer to Purchase
Dated August 1, 2024
The Offer and withdrawal rights will expire on August 29, 2024
and this Letter of Transmittal must be received by
the Fund’s Transfer Agent by mail or e-mail by 11:59 p.m.,
Eastern Time, on August 29, 2024, unless the Offer is extended
Complete this Letter of Transmittal and follow the Transmittal
Instructions included herein
Ladies and Gentlemen:
The undersigned hereby tenders to HPS Corporate Lending Fund, a 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 (the “1940 Act”) and is organized as a Delaware statutory trust (the “Fund”), the shares of beneficial interest in the Fund or portion thereof held by the undersigned, described and specified below, on the terms and conditions set forth in the Offer to Purchase dated August 1, 2024 (the “Offer to Purchase”), receipt of which is hereby acknowledged, and in this Letter of Transmittal (which together with the Offer to Purchase constitute the “Offer”). The Tender and this Letter of Transmittal are subject to all the terms and conditions set forth in the Offer to Purchase, 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 of beneficial interest in the Fund or portion thereof tendered hereby pursuant to the Offer.
The undersigned hereby warrants that the undersigned has full authority to sell the shares of beneficial interest in the Fund or portion thereof tendered hereby and that the Fund will acquire good title thereto, free and clear of all liens, charges, encumbrances, conditional sales agreements or other obligations relating to the sale thereof, and not subject to any adverse claim, when and to the extent the same are purchased by it. 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 forth in the Offer, the Fund may not be required to purchase any of the beneficial shares of interest in the Fund or portions thereof tendered hereby.
A non-transferable, non-interest bearing promissory note for the purchase price will be issued to the undersigned if the Fund accepts for purchase the shares tendered hereby. The undersigned acknowledges that U.S. Bancorp Fund Services, LLC (d/b/a U.S. Bank Global Fund Services), the Fund’s transfer agent, will hold the promissory note on behalf of the undersigned. The cash payment(s) of the purchase price for the shares of beneficial interest in the Fund or portion thereof of the undersigned, as described in Section 6 “Purchases and Payment” of the Offer to Purchase, shall be wired to the account from which your subscription funds were debited.
All authority herein conferred or agreed to be conferred shall survive the death or incapacity of the undersigned and the obligation of the undersigned hereunder shall be binding on the heirs, personal representatives, successors and assigns of the undersigned. Except as stated in Section 5 “Withdrawal Rights” of the Offer to Purchase, this tender is irrevocable.
VALUATION DATE: September 30, 2024
TENDER OFFER EXPIRATION DATE: 11:59 p.m. (Eastern Time), August 29, 2024
PARTS 1, 2, 3, 4 AND 6 MUST BE COMPLETED AND IN GOOD ORDER IN ORDER TO PROCESS YOUR REQUEST
If You Invest In The Fund Through A Financial Intermediary Through Whom You Expect To Have Your Tender Offer Request Submitted, Please Allow For Additional Processing Time As The Letter of Transmittal Must Ultimately Be Received By The Fund’s Transfer Agent No Later Than 11:59 p.m. (Eastern Time) On The Expiration Date.
PLEASE SEND COMPLETED FORMS TO YOUR FINANCIAL ADVISOR/PORTFOLIO MANAGER
PART 1 – NAME (AS IT APPEARS ON YOUR HPS CORPORATE LENDING FUND STATEMENT) AND CONTACT INFORMATION
| | | | | | | | |
| | |
Fund Name: | | |
Fund Account #: | | |
Account Name/Registration: | | |
Address: | | |
City, State, Zip | | |
Telephone Number: | | |
Email Address: | | |
Financial Intermediary Firm Name: | | |
Financial Intermediary Account #: | | |
Financial Advisor Name: | | |
Financial Advisor Telephone #: | | |
PART 2 – REQUESTED TENDER AMOUNT
Please select repurchase type by checking one of the boxes below. If you are requesting a partial repurchase, please provide a number of Shares.
| | | | | |
☐ | Partial Repurchase* of Class I Shares (__________________________ Shares) |
| | | | | |
☐ | Partial Repurchase* of Class D Shares (__________________________ Shares) |
| | | | | |
☐ | Partial Repurchase* of Class F Shares (__________________________ Shares) |
| | | | | |
☐ | Partial Repurchase* of Class S Shares (__________________________ Shares) |
| | | | | |
* |
If the requested partial repurchase would put the account balance below the required minimum balance, the Fund may reduce the amount to be repurchased such that the required minimum balance is maintained, unless you indicate otherwise by checking the following box: |
☐ | Change request to Full Repurchase if amount requested to be repurchased would need to be reduced to maintain minimum account balance |
HPS CORPORATE LENDING FUND ACCOUNT #: (Should be the same as on the prior page)
PART 3 – REPURCHASE TYPE (Check one, required)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
☐ | Normal | |
☐ | Death | |
☐ | Disability | |
☐ | Divorce |
OTHER TENDER OFFER CONSIDERATIONS
(select only one)
Our share repurchase plan contains limitations on the number of shares that can be repurchased under the plan during any quarter. In addition to these limitations, we cannot guarantee that we will have sufficient funds to accommodate all repurchase requests made in any applicable repurchase period and we may elect to repurchase fewer shares than have been requested in any particular quarter, or none at all. If the number of shares subject to repurchase requests exceeds the then applicable limitations, or if we otherwise do not make all requested repurchases, each shareholder’s request will be reduced on a pro rata basis. If repurchase requests are reduced on a pro rata basis, you may elect (at the time of your repurchase request) to either withdraw your entire request for repurchase or have your request honored on a pro-rata basis. If you wish to have the remainder of your initial request repurchased, you must submit a new repurchase request, in the next repurchase period, for the remaining amount. Please select one of the following options below. If an option is not selected, your repurchase request will be processed on a pro-rata basis, if needed.
| | | | | |
☐ |
Process my repurchase request on a pro-rata basis |
☐ | Withdraw (do not process) my entire repurchase request if amount will be reduced on a pro-rata basis. |
PART 4 – COST BASIS SELECTION (Select only one)
U.S. federal income tax information reporting rules generally apply to certain transactions in our shares. Where they apply, the “cost basis” calculated for the shares involved will be reported to the Internal Revenue Service (“IRS”) and to you. Generally, these rules apply to our shares, including those purchased through our distribution reinvestment plan. You should consult your own tax advisor regarding the consequences of these new rules and your cost basis reporting options.
Indicate below the cost basis method you would like us to apply.
IMPORTANT: If an option is not selected, your cost basis will be calculated using the FIFO method.
| | | | | |
☐ | FIFO (First – In / First Out) |
☐ | LIFO (Last – In / First Out) Consult your tax advisor to determine whether this method is available to you. |
☐ | Specific Lots |
If you have selected “Specific Lots,” please identify the lots below:
| | | | | |
Date of Purchase: | Amount of Purchase: |
| |
Date of Purchase: | Amount of Purchase: |
| |
Date of Purchase: | Amount of Purchase: |
PART 5 – PAYMENT
Payments will be directed back to the account from which your subscription funds were debited. Contact your financial intermediary or account manager if you have any questions.
PART 6 – SIGNATURE(S)
The undersigned subscriber acknowledges that this request is subject to all the terms and conditions set forth in the Fund’s Prospectus and the Offer to Purchase dated August 1, 2024 (the “Offer to Purchase”) and all capitalized terms used herein have the meaning as defined in the Fund’s Prospectus. This request is irrevocable except as described in the Offer to Purchase. The undersigned represents that the undersigned is the beneficial owner of the shares in the Fund to which this repurchase request relates, or that the person signing this request is an authorized representative of the tendering shareholder.
In the case of joint accounts, each joint holder must sign this repurchase request. Requests on behalf of a foundation, partnership or any other entity should be accompanied by evidence of the authority of the person(s) signing.
| | | | | | | | | | | | | | |
| | | | |
|
Signature | | Print Name of Authorized Signatory (and Title if applicable) | | Date |
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Signature | | Print Name of Authorized Signatory (and Title if applicable) | | Date |
Letter of Transmittal
Regarding Shares in HPS Corporate Lending Fund
For Clients of Morgan Stanley Smith Barney LLC
Tendered Pursuant to the Offer to Purchase
Dated August 1, 2024
The Offer and withdrawal rights will expire on August 29, 2024
and this Letter of Transmittal must be received by
the Fund’s Transfer Agent by mail or e-mail by 11:59 p.m.,
Eastern Time, on August 29, 2024, unless the Offer is extended
Complete this Letter of Transmittal and follow the Transmittal
Instructions included herein
Ladies and Gentlemen:
The undersigned hereby tenders to HPS Corporate Lending Fund, a 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 (the “1940 Act”) and is organized as a Delaware statutory trust (the “Fund”), the shares of beneficial interest in the Fund or portion thereof held by the undersigned, described and specified below, on the terms and conditions set forth in the Offer to Purchase dated August 1, 2024 (the “Offer to Purchase”), receipt of which is hereby acknowledged, and in this Letter of Transmittal (which together with the Offer to Purchase constitute the “Offer”). The Tender and this Letter of Transmittal are subject to all the terms and conditions set forth in the Offer to Purchase, 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 of beneficial interest in the Fund or portion thereof tendered hereby pursuant to the Offer.
The undersigned hereby warrants that the undersigned has full authority to sell the shares of beneficial interest in the Fund or portion thereof tendered hereby and that the Fund will acquire good title thereto, free and clear of all liens, charges, encumbrances, conditional sales agreements or other obligations relating to the sale thereof, and not subject to any adverse claim, when and to the extent the same are purchased by it. 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 forth in the Offer, the Fund may not be required to purchase any of the beneficial shares of interest in the Fund or portions thereof tendered hereby.
A non-transferable, non-interest bearing promissory note for the purchase price will be issued to the undersigned if the Fund accepts for purchase the shares tendered hereby. The undersigned acknowledges that U.S. Bancorp Fund Services, LLC (d/b/a U.S. Bank Global Fund Services), the Fund’s transfer agent, will hold the promissory note on behalf of the undersigned. The cash payment(s) of the purchase price for the shares of beneficial interest in the Fund or portion thereof of the undersigned, as described in Section 6 “Purchases and Payment” of the Offer to Purchase, shall be wired to the account from which your subscription funds were debited.
All authority herein conferred or agreed to be conferred shall survive the death or incapacity of the undersigned and the obligation of the undersigned hereunder shall be binding on the heirs, personal representatives, successors and assigns of the undersigned. Except as stated in Section 5 “Withdrawal Rights” of the Offer to Purchase, this tender is irrevocable.
For Clients of Morgan Stanley Smith Barney LLC,
If you invest in HPS Corporate Lending Fund (the “Fund”) through a financial intermediary through whom you expect to have your tender offer request submitted, please allow additional time processing time.
Please submit completed repurchase forms to Morgan Stanley’s Alternative Investments Order Entry ticketing system. You are responsible for confirming that this Notice is received timely by your Financial Advisor. If you fail to confirm receipt of this Notice, there can be no assurance that your withdrawal will be honored by the Fund.
This letter serves to inform you of important details relating to the repurchase offer by the Fund. Please refer to the Offer to Purchase and Letter of Transmittal for a complete description of the terms and conditions of this Offer. All capitalized terms not defined herein are defined in the Offer to Purchase and Letter of Transmittal.
As set forth in the Fund’s prospectus, as supplemented (the “Prospectus”), there is a 10% limit (the “Fee Cap”) on the aggregate amount of the total selling commissions, dealer manager fees and shareholder servicing fees (the “Fees”) which can be charged to you while you hold your Fund investment in Class S shares. The Fee Cap is a percentage of the gross process of your Fund investment as described in the Prospectus. Once the Fee Cap has been met, you will no longer be charged the Fees, and your S shares, as applicable, will convert into Class I shares without any action required on your part. Please see the section “Description of Our Common Shares” in the Prospectus for additional details
If you DO NOT wish to sell your shares of the Fund, no action is required, and you can disregard this notice.
If you wish to participate in this tender offer, please ensure you complete and submit the enclosed Transmittal Letter using the directions listed below. The Transmittal must be received in good order by the Fund’s Transfer Agent by mail or e-mail by 11:59 p.m., Eastern Time, on August 29, 2024, unless the Offer is extended.
HPS Corporate Lending Fund
c/o U.S. Bank Global Fund Services
615 East Michigan Street
Milwaukee, WI 53202
E-mail: tenders@usbank.com
Should you have any questions please contact your financial representative or by contacting the Fund’s Transfer Agent at (888) 484-1988.
VALUATION DATE: September 30, 2024
TENDER OFFER EXPIRATION DATE: 11:59 p.m. (Eastern Time), August 29, 2024
PARTS 1, 2, 3, 4 AND 6 MUST BE COMPLETED AND IN GOOD ORDER IN ORDER TO PROCESS YOUR REQUEST
If You Invest In The Fund Through A Financial Intermediary Through Whom You Expect To Have Your Tender Offer Request Submitted, Please Allow For Additional Processing Time As The Letter of Transmittal Must Ultimately Be Received By The Fund’s Transfer Agent No Later Than 11:59 p.m. (Eastern Time) On The Expiration Date.
PLEASE SUBMIT COMPLETED REPURCHASE FORMS TO MORGAN STANLEY'S ALTERNATIVE INVESTMENT ORDER ENTRY TICKETING SYSTEM
PART 1 – NAME (AS IT APPEARS ON YOUR HPS CORPORATE LENDING FUND STATEMENT) AND CONTACT INFORMATION
| | | | | | | | |
| | |
Fund Name: | | |
Fund Account #: | | |
Account Name/Registration: | | |
Address: | | |
City, State, Zip | | |
Telephone Number: | | |
Email Address: | | |
Financial Intermediary Firm Name: | | |
Financial Intermediary Account #: | | |
Financial Advisor Name: | | |
Financial Advisor Telephone #: | | |
PART 2 – REQUESTED TENDER AMOUNT
Please select repurchase type by checking one of the boxes below. If you are requesting a partial repurchase, please provide a number of Shares.
| | | | | |
☐ | Partial Repurchase* of Class I Shares (__________________________ Shares) |
| | | | | |
☐ | Partial Repurchase* of Class D Shares (__________________________ Shares) |
| | | | | |
☐ | Partial Repurchase* of Class F Shares (__________________________ Shares) |
| | | | | |
☐ | Partial Repurchase* of Class S Shares (__________________________ Shares) |
| | | | | |
* |
If the requested partial repurchase would put the account balance below the required minimum balance, the Fund may reduce the amount to be repurchased such that the required minimum balance is maintained, unless you indicate otherwise by checking the following box: |
☐ | Change request to Full Repurchase if amount requested to be repurchased would need to be reduced to maintain minimum account balance |
HPS CORPORATE LENDING FUND ACCOUNT #: (Should be the same as on the prior page)
PART 3 – REPURCHASE TYPE (Check one, required)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
☐ | Normal | |
☐ | Death | |
☐ | Disability | |
☐ | Divorce |
OTHER TENDER OFFER CONSIDERATIONS
(select only one)
Our share repurchase plan contains limitations on the number of shares that can be repurchased under the plan during any quarter. In addition to these limitations, we cannot guarantee that we will have sufficient funds to accommodate all repurchase requests made in any applicable repurchase period and we may elect to repurchase fewer shares than have been requested in any particular quarter, or none at all. If the number of shares subject to repurchase requests exceeds the then applicable limitations, or if we otherwise do not make all requested repurchases, each shareholder’s request will be reduced on a pro rata basis. If repurchase requests are reduced on a pro rata basis, you may elect (at the time of your repurchase request) to either withdraw your entire request for repurchase or have your request honored on a pro-rata basis. If you wish to have the remainder of your initial request repurchased, you must submit a new repurchase request, in the next repurchase period, for the remaining amount. Please select one of the following options below. If an option is not selected, your repurchase request will be processed on a pro-rata basis, if needed.
| | | | | |
☐ |
Process my repurchase request on a pro-rata basis |
☐ | Withdraw (do not process) my entire repurchase request if amount will be reduced on a pro-rata basis. |
PART 4 – COST BASIS SELECTION (Select only one)
U.S. federal income tax information reporting rules generally apply to certain transactions in our shares. Where they apply, the “cost basis” calculated for the shares involved will be reported to the Internal Revenue Service (“IRS”) and to you. Generally, these rules apply to our shares, including those purchased through our distribution reinvestment plan. You should consult your own tax advisor regarding the consequences of these new rules and your cost basis reporting options.
Indicate below the cost basis method you would like us to apply.
IMPORTANT: If an option is not selected, your cost basis will be calculated using the FIFO method.
| | | | | |
☐ | FIFO (First – In / First Out) |
☐ | LIFO (Last – In / First Out) Consult your tax advisor to determine whether this method is available to you. |
☐ | Specific Lots |
If you have selected “Specific Lots,” please identify the lots below:
| | | | | |
Date of Purchase: | Amount of Purchase: |
| |
Date of Purchase: | Amount of Purchase: |
| |
Date of Purchase: | Amount of Purchase: |
PART 5 – PAYMENT
Payments will be directed back to the account from which your subscription funds were debited. Contact your financial intermediary or account manager if you have any questions.
PART 6 – SIGNATURE(S)
The undersigned subscriber acknowledges that this request is subject to all the terms and conditions set forth in the Fund’s Prospectus and the Offer to Purchase dated August 1, 2024 (the “Offer to Purchase”) and all capitalized terms used herein have the meaning as defined in the Fund’s Prospectus. This request is irrevocable except as described in the Offer to Purchase. The undersigned represents that the undersigned is the beneficial owner of the shares in the Fund to which this repurchase request relates, or that the person signing this request is an authorized representative of the tendering shareholder.
In the case of joint accounts, each joint holder must sign this repurchase request. Requests on behalf of a foundation, partnership or any other entity should be accompanied by evidence of the authority of the person(s) signing.
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Signature | | Print Name of Authorized Signatory (and Title if applicable) | | Date |
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Signature | | Print Name of Authorized Signatory (and Title if applicable) | | Date |
Letter of Transmittal
Regarding Shares in HPS Corporate Lending Fund
For Clients of Merrill Lynch, Pierce, Fenner & Smith Incorporated
Tendered Pursuant to the Offer to Purchase
Dated August 1, 2024
Your Merrill Lynch Financial Advisor/Portfolio Manager must submit
this Letter of Transmittal for processing by
11:59 p.m., Eastern Time, on August 29, 2024, unless the Offer is extended
Should you wish to participate in the Offer, please contact your Merrill Lynch Financial Advisor/Portfolio
Manager who will enter the order and provide you with a customized Letter of Transmittal for your account. The
Letter of Transmittal generated for your account will need to be signed and returned or delivered to your Merrill
Lynch Financial Advisor/Portfolio Manager
.
For additional information call your Merrill Lynch Financial Advisor/Portfolio Manager.
Ladies and Gentlemen:
The undersigned hereby tenders to HPS Corporate Lending Fund, a 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 (the “1940 Act”) and is organized as a Delaware statutory trust (the “Fund”), the shares of beneficial interest in the Fund or portion thereof held by the undersigned, described and specified below, on the terms and conditions set forth in the Offer to Purchase dated August 1, 2024 (the “Offer to Purchase”), receipt of which is hereby acknowledged, and in this Letter of Transmittal (which together with the Offer to Purchase constitute the “Offer”). The Tender and this Letter of Transmittal are subject to all the terms and conditions set forth in the Offer to Purchase, 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 of beneficial interest in the Fund or portion thereof tendered hereby pursuant to the Offer.
The undersigned hereby warrants that the undersigned has full authority to sell the shares of beneficial interest in the Fund or portion thereof tendered hereby and that the Fund will acquire good title thereto, free and clear of all liens, charges, encumbrances, conditional sales agreements or other obligations relating to the sale thereof, and not subject to any adverse claim, when and to the extent the same are purchased by it. 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 forth in the Offer, the Fund may not be required to purchase any of the beneficial shares of interest in the Fund or portions thereof tendered hereby.
A non-transferable, non-interest bearing promissory note for the purchase price will be issued to the undersigned if the Fund accepts for purchase the shares tendered hereby. The undersigned acknowledges that U.S. Bancorp Fund Services, LLC (d/b/a U.S. Bank Global Fund Services), the Fund’s transfer agent, will hold the promissory note on behalf of the undersigned. The cash payment(s) of the purchase price for the shares of beneficial interest in the Fund or portion thereof of the undersigned, as described in Section 6 “Purchases and Payment” of the Offer to Purchase, shall be wired to the account from which your subscription funds were debited.
All authority herein conferred or agreed to be conferred shall survive the death or incapacity of the undersigned and the obligation of the undersigned hereunder shall be binding on the heirs, personal representatives, successors and assigns of the undersigned. Except as stated in Section 5 “Withdrawal Rights” of the Offer to Purchase, this tender is irrevocable.
Instructions to Tendering Shareholder:
Please contact your Merrill Lynch Financial Advisor/Portfolio Manager who will enter the tender order and provide you with a customized Letter of Transmittal for your account. The Letter of Transmittal generated for your account will need to be signed and returned or delivered to your Merrill Lynch Financial Advisor/Portfolio Manager. For additional information, call your Merrill Lynch Financial Advisor/Portfolio Manager.
Tender Offer
Signature Pages - U.S. Investors
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Document No.: | Client Account No.: |
These Tender Offer Request Signature Pages (or “Signature Pages”) relate to the client’s (the “Client”) redemption or repurchase request from one or more investment funds (each, a “Fund”). The term “Fund” or “Funds” as used herein refers to each investment fund from which the Client is redeeming as set forth in the Signature Pages. The term “Interest” refers to any unit of participation, share, or other form of interest issued by a Fund.
Registration / Client Account Details
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Account registration and address | |
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Account classification | Taxpayer identification number | Account Number |
Exempt payee code | |
Exemption from FATCA reporting code | |
FATCA classifications | |
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Document No.: | 1 of 5 | Client Account No |
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Request Tender / Redemption Details
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Fund Name: |
Effective Date | Cut-off Date | Channel | Tender Type Full Partial | Units (If Partial) |
Payment
Cash payments due pursuant to this request will be made directly to Merrill Lynch, Pierce, Fenner & Smith, Inc. or Private Bank, as indicated above, who will facilitate the distribution of proceeds into the Client’s account.
Signature
By executing and submitting these Signature Pages, you acknowledge that this request is subject to all of the terms and conditions set forth in the Offer and the Letter of Transmittal. Except as stated in the Offer, this request is irrevocable. You acknowledge the absolute right of the Fund to reject any and all tenders, including those that the Fund determines, in its sole discretion, are not in the appropriate form. You represent that you are the beneficial owner of the Interests in the Fund to which this request relates, or that the person signing this request is an authorized representative of the redeeming investor.
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Document No.: | 2 of 5 | Client Account No |
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Internal Revenue Code Certification Under penalties of perjury, by signature below, you hereby represent, warrant and certify as follows: (a) the Social Security/ Taxpayer ID Number set forth in these Signature Pages is your true, correct and complete Social Security/Taxpayer ID Number, and you are a U.S. citizen or other United States person (as defined in the instructions to IRS Form W-9); (b) you are not subject to backup withholding because (i) you are exempt from backup withholding, (ii) you have not been notified by the Internal Revenue Service that you are subject to backup withholding as a result of a failure to report all interest or dividends, or (iii) the Internal Revenue Service has notified you that you are no longer subject to backup withholding; and (c) if an exemption from the Foreign Account Tax Compliance Act (FATCA) reporting was on this document then you certify that the FATCA code(s) entered on this document, if any, indicating that you are exempt from FATCA reporting is correct. Certification instructions. ☐ Check this box if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. The Internal Revenue Service does not require your consent to any provision of this document other than the certifications required to avoid backup withholding. |
If one or more of the signatories listed here does not need to sign on behalf of the account, cross out their name. This does not apply to joint accounts.
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Document No.: | 3 of 5 | Client Account No |
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Signature 1: | |
Signature 1 | Date |
Signer’s name (please print) Signature 2: | Title |
Signature 2 | Date |
Signer’s name (please print) Signature 3: | Title |
Signature 3 | Date |
Signer’s name (please print) Signature 4: | Title |
Signature 4 | Date |
Signer’s name (please print) Signature 5: | Title |
Signature 5 | Date |
Signer’s name (please print) Signature 6: | Title |
Signature 6 | Date |
Signer’s name (please print) | Title |
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Document No.: | 4 of 5 | Client Account No |
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Investment Professional Attestation
The undersigned Investment Professional hereby certifies that the Client is known to and is a Client of the Investment Professional, and the Investment Professional has had substantive discussions with the Client regarding the Client’s investment objectives. The Investment Professional confirms that he/she has a reasonable basis for believing (i) that all of the representations made by the Client on these Signature Pages are true and correct, (ii) based on information obtained from the Client concerning the Client’s investment objectives, other investments, financial situation and needs, and any other information known to the Investment Professional, that a tender, redemption or withdrawal from the Fund is suitable for the Client, and (iii) that the Client’s contact information on record with the selling agent and as noted on these Signature Pages is true and correct. The Investment Professional confirmed that the Client is aware of the financial terms and risks applicable to a tender, redemption or withdrawal from the Fund and the specific class(es)/tranche(s) and series of Interests issued by each Fund in which the Client currently invests.
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Investment Professional name | Production number / PB CAI number |
Investment Professional signature | Date |
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Document No.: | 5 of 5 | Client Account No |
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