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Firebird Global Fund II, Ltd. Restructures
Hamilton, Bermuda: 25 July 2013 - Firebird Global Fund II, Ltd. (the "Fund") today informed the Bermuda Stock Exchange (the "BSX") that it was implementing a restructuring pursuant to which the right of shareholders to request the redemption of their shares issued by the Fund has been suspended until further notice:
The Fund stated that the restructuring was implemented as a result of significant redemption requests coupled with the illiquid nature of many of the Fund’s investments. The Fund has adopted a private equity-style structure and intends to return the net proceeds of all Fund investments to investors over a four year period.