Keystone Private Income Fund has filed a tender offer to repurchase shares valued at approximately $88.99 million, which represents about 5% of the fund's net assets. This strategic move is aimed at managing liquidity and providing returns to its shareholders. The offer is set to expire on November 30, 2026, giving shareholders the opportunity to tender their shares at the net asset value.

As of August 28, 2026, the fund had approximately 932,707 shares outstanding. The repurchase will be conducted at the net asset value, which will be calculated as of December 31, 2026, or a later date if the offer is extended. Shareholders are encouraged to participate in the tender offer, which is not conditioned on a minimum number of shares being tendered.

Background

Keystone Private Income Fund is a diversified, closed-end management investment company registered under the Investment Company Act of 1940. The fund is organized as a Delaware statutory trust and operates with the primary objective of producing current income. The fund's principal executive office is located at UMB Fund Services, Inc. in Milwaukee, Wisconsin.

Recent filings indicate the fund's ongoing commitment to managing its assets effectively. The most recent filing prior to this tender offer was a 40-17G on September 18, 2026. The fund has been active in managing its portfolio, which includes a variety of private credit-oriented investments.

What the Filing Says

The tender offer statement outlines that the fund is willing to purchase shares from shareholders at the net asset value. The offer amount is approximately $88,992,048, and shareholders must tender their shares by 11:59 p.m. Eastern Time on November 30, 2026. The fund reserves the right to extend the offer and adjust the valuation date as needed.

Impact

This tender offer may affect existing shareholders of Keystone Private Income Fund, as it provides an opportunity for them to liquidate their investments at a favorable valuation. The move reflects the fund's strategy to manage liquidity and could influence investor sentiment within the private investment sector.

What's Next

The offer is currently open until November 30, 2026, and shareholders have the right to withdraw their tenders before the expiration date. The fund may also extend the offer, but details regarding any future filings or amendments were not specified in the current filing.