Fontris Alts · Audit · Redemption demand (% of shares outstanding)

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Audit: Redemption demand (% of shares outstanding) — The Private Shares Fund

Latest observation · Semiannual shareholder report (Form N-CSRS) · filed 2026-09-08 · period 2026-06-18

redemption disclosure (redemptions_requested_pct)

“Repurchase Request Deadline Date March 20, 2026 June 18, 2026 Repurchase Pricing Date March 20, 2026 June 18, 2026 % of Shares Offered - Total Fund 5.00 % 5.00% Number of Shares Offered - Total Fund 1,259,946 1,522,104 Pricing Date Net Asset Value - Class A $ 47.50 $ 53.73 Pricing Date Net Asset Value - Class I $ 48.41 $ 54.76 Pricing Date Net Asset Value - Class L $ 46.56 $ 52.65 Number of Shares Tendered - Class A 197,926 258,984 Number of Shares Tendered - Class I 1,186,398 2,333,827 Number of Shares Tendered - Class L 1,678 8,190 Number of Shares Repurchased - Class A* 197,926 153,466 ** Number of Shares Repurchased - Class I* 1,186,398 1,364,283 ** Number of Shares Repurchased - Class L* 1,678 4,934 ** % of Shares Tendered - Total Fund 5.50 % 8.54 % % of Shares Repurchased - Total Fund 5.50 % 5.00 %** ”

Method Matched text template against the filing

Open the filing on SEC.gov

Technical locator

https://www.sec.gov/Archives/edgar/data/1557265/000121390026097906/ea0300394-01_ncsrs.htm | redemption disclosure (redemptions_requested_pct)

Extraction tiers, explained

Every stored observation below, newest first, with its extraction tier, the exact filing it came from, and the verbatim snippet it was read from. Derived values state their formula and constituent figures in the source line. Tiers: T1 = structured XBRL tag; T2 = matched text template; T3/R3 = narrative/term extraction.

Period	Value	Tier	Source filing	Provenance
2026-06-18	8.54	T2	N-CSRS 2026-09-08	https://www.sec.gov/Archives/edgar/data/1557265/000121390026097906/ea0300394-01_ncsrs.htm \| redemption disclos… https://www.sec.gov/Archives/edgar/data/1557265/000121390026097906/ea0300394-01_ncsrs.htm \| redemption disclosure (redemptions_requested_pct) “Repurchase Request Deadline Date March 20, 2026 June 18, 2026 Repurchase Pricing Date March 20, 2026 June 18, 2026 % of Shares Offered - Total Fund 5.00 % 5.00% Number of Shares Offered - Total Fund 1,259,946 1,522,104 Pricing Date Net Asset Value - Class A $ 47.50 $ 53.73 Pricing Date Net Asset Value - Class I $ 48.41 $ 54.76 Pricing Date Net Asset Value - Class L $ 46.56 $ 52.65 Number of Shares Tendered - Class A 197,926 258,984 Number of Shares Tendered - Class I 1,186,398 2,333,827 Number of Shares Tendered - Class L 1,678 8,190 Number of Shares Repurchased - Class A* 197,926 153,466 ** Number of Shares Repurchased - Class I* 1,186,398 1,364,283 ** Number of Shares Repurchased - Class L* 1,678 4,934 % of Shares Tendered - Total Fund 5.50 % 8.54 % % of Shares Repurchased - Total Fund 5.50 % 5.00 % ” extracted 2026-09-09T12:46:20 · confidence 0.9
2026-03-20	5.5	T2	N-CSRS 2026-09-08	https://www.sec.gov/Archives/edgar/data/1557265/000121390026097906/ea0300394-01_ncsrs.htm \| redemption disclos… https://www.sec.gov/Archives/edgar/data/1557265/000121390026097906/ea0300394-01_ncsrs.htm \| redemption disclosure (redemptions_requested_pct) “Repurchase Request Deadline Date March 20, 2026 June 18, 2026 Repurchase Pricing Date March 20, 2026 June 18, 2026 % of Shares Offered - Total Fund 5.00 % 5.00% Number of Shares Offered - Total Fund 1,259,946 1,522,104 Pricing Date Net Asset Value - Class A $ 47.50 $ 53.73 Pricing Date Net Asset Value - Class I $ 48.41 $ 54.76 Pricing Date Net Asset Value - Class L $ 46.56 $ 52.65 Number of Shares Tendered - Class A 197,926 258,984 Number of Shares Tendered - Class I 1,186,398 2,333,827 Number of Shares Tendered - Class L 1,678 8,190 Number of Shares Repurchased - Class A* 197,926 153,466 ** Number of Shares Repurchased - Class I* 1,186,398 1,364,283 ** Number of Shares Repurchased - Class L* 1,678 4,934 % of Shares Tendered - Total Fund 5.50 % 8.54 % % of Shares Repurchased - Total Fund 5.50 % 5.00 % ” extracted 2026-09-09T12:46:20 · confidence 0.9
2025-12-19	9.18	T2	N-CSR 2026-03-09	https://www.sec.gov/Archives/edgar/data/1557265/000121390026025198/ea0273363-01_ncsr.htm \| redemption disclosu… https://www.sec.gov/Archives/edgar/data/1557265/000121390026025198/ea0273363-01_ncsr.htm \| redemption disclosure (redemptions_requested_pct) “Repurchase Request Deadline Date March 21, 2025 June 20, 2025 September 19, 2025 December 19, 2025 Repurchase Pricing Date March 21, 2025 June 20, 2025 September 19, 2025 December 19, 2025 % of Shares Offered - Total Fund 5.00% 5.00% 5.00% 5.00% Pricing Date Net Asset Value - Class A $41.57 $43.53 $42.52 $46.60 Pricing Date Net Asset Value - Class I $42.37 $44.40 $43.31 $47.48 Pricing Date Net Asset Value - Class L $40.80 $42.70 $41.71 $45.70 Number of Shares Tendered - Class A 395,326 282,028 385,724 374,411 Number of Shares Tendered - Class I 1,905,070 1,635,545 2,458,655 1,850,440 Number of Shares Tendered - Class L 1,128 6,536 4,300 886 Number of Shares Repurchased - Class A* 213,817 176,946 160,770 202,810 Number of Shares Repurchased - Class I 995,595 1,017,043 1,033,200 1,009,101 Number of Shares Repurchased - Class L * 597 4,096 1,789 514 % of Shares Tendered - Total Fund 9.51% 8.03% 11.91% 9.18% % of Shares Repurchased - Total Fund 5.00% 5.00% 5.00% 5.00% ” extracted 2026-09-09T12:46:20 · confidence 0.9
2025-09-19	11.91	T2	N-CSR 2026-03-09	https://www.sec.gov/Archives/edgar/data/1557265/000121390026025198/ea0273363-01_ncsr.htm \| redemption disclosu… https://www.sec.gov/Archives/edgar/data/1557265/000121390026025198/ea0273363-01_ncsr.htm \| redemption disclosure (redemptions_requested_pct) “Repurchase Request Deadline Date March 21, 2025 June 20, 2025 September 19, 2025 December 19, 2025 Repurchase Pricing Date March 21, 2025 June 20, 2025 September 19, 2025 December 19, 2025 % of Shares Offered - Total Fund 5.00% 5.00% 5.00% 5.00% Pricing Date Net Asset Value - Class A $41.57 $43.53 $42.52 $46.60 Pricing Date Net Asset Value - Class I $42.37 $44.40 $43.31 $47.48 Pricing Date Net Asset Value - Class L $40.80 $42.70 $41.71 $45.70 Number of Shares Tendered - Class A 395,326 282,028 385,724 374,411 Number of Shares Tendered - Class I 1,905,070 1,635,545 2,458,655 1,850,440 Number of Shares Tendered - Class L 1,128 6,536 4,300 886 Number of Shares Repurchased - Class A* 213,817 176,946 160,770 202,810 Number of Shares Repurchased - Class I 995,595 1,017,043 1,033,200 1,009,101 Number of Shares Repurchased - Class L * 597 4,096 1,789 514 % of Shares Tendered - Total Fund 9.51% 8.03% 11.91% 9.18% % of Shares Repurchased - Total Fund 5.00% 5.00% 5.00% 5.00% ” extracted 2026-09-09T12:46:20 · confidence 0.9
2025-06-20	8.03	T2	N-CSR 2026-03-09	https://www.sec.gov/Archives/edgar/data/1557265/000121390026025198/ea0273363-01_ncsr.htm \| redemption disclosu… https://www.sec.gov/Archives/edgar/data/1557265/000121390026025198/ea0273363-01_ncsr.htm \| redemption disclosure (redemptions_requested_pct) “Repurchase Request Deadline Date March 21, 2025 June 20, 2025 September 19, 2025 December 19, 2025 Repurchase Pricing Date March 21, 2025 June 20, 2025 September 19, 2025 December 19, 2025 % of Shares Offered - Total Fund 5.00% 5.00% 5.00% 5.00% Pricing Date Net Asset Value - Class A $41.57 $43.53 $42.52 $46.60 Pricing Date Net Asset Value - Class I $42.37 $44.40 $43.31 $47.48 Pricing Date Net Asset Value - Class L $40.80 $42.70 $41.71 $45.70 Number of Shares Tendered - Class A 395,326 282,028 385,724 374,411 Number of Shares Tendered - Class I 1,905,070 1,635,545 2,458,655 1,850,440 Number of Shares Tendered - Class L 1,128 6,536 4,300 886 Number of Shares Repurchased - Class A* 213,817 176,946 160,770 202,810 Number of Shares Repurchased - Class I 995,595 1,017,043 1,033,200 1,009,101 Number of Shares Repurchased - Class L * 597 4,096 1,789 514 % of Shares Tendered - Total Fund 9.51% 8.03% 11.91% 9.18% % of Shares Repurchased - Total Fund 5.00% 5.00% 5.00% 5.00% ” extracted 2026-09-09T12:46:20 · confidence 0.9
2025-03-21	9.51	T2	N-CSR 2026-03-09	https://www.sec.gov/Archives/edgar/data/1557265/000121390026025198/ea0273363-01_ncsr.htm \| redemption disclosu… https://www.sec.gov/Archives/edgar/data/1557265/000121390026025198/ea0273363-01_ncsr.htm \| redemption disclosure (redemptions_requested_pct) “Repurchase Request Deadline Date March 21, 2025 June 20, 2025 September 19, 2025 December 19, 2025 Repurchase Pricing Date March 21, 2025 June 20, 2025 September 19, 2025 December 19, 2025 % of Shares Offered - Total Fund 5.00% 5.00% 5.00% 5.00% Pricing Date Net Asset Value - Class A $41.57 $43.53 $42.52 $46.60 Pricing Date Net Asset Value - Class I $42.37 $44.40 $43.31 $47.48 Pricing Date Net Asset Value - Class L $40.80 $42.70 $41.71 $45.70 Number of Shares Tendered - Class A 395,326 282,028 385,724 374,411 Number of Shares Tendered - Class I 1,905,070 1,635,545 2,458,655 1,850,440 Number of Shares Tendered - Class L 1,128 6,536 4,300 886 Number of Shares Repurchased - Class A* 213,817 176,946 160,770 202,810 Number of Shares Repurchased - Class I 995,595 1,017,043 1,033,200 1,009,101 Number of Shares Repurchased - Class L * 597 4,096 1,789 514 % of Shares Tendered - Total Fund 9.51% 8.03% 11.91% 9.18% % of Shares Repurchased - Total Fund 5.00% 5.00% 5.00% 5.00% ” extracted 2026-09-09T12:46:20 · confidence 0.9
2022-09-23	3.57	T2	N-CSR 2023-03-13	requested equals repurchased: offer not oversubscribed (Rule 23c-3(b)(5)); printed repurchased 3.57% of outsta… requested equals repurchased: offer not oversubscribed (Rule 23c-3(b)(5)); printed repurchased 3.57% of outstanding \| https://www.sec.gov/Archives/edgar/data/1557265/000139834423006064/fp0081664-3_ncsr.htm \| repurchase results note, notice_deadline shape (redemptions_requested_pct); 3.57 percent of outstanding shares repurchased against a printed offer amount of 5 percent, an offer that was not oversubscribed and so repurchased every share tendered “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased February 23, 2022 March 25, 2022 March 25, 2022 5% 4.51% 933,332 May 26, 2022 * June 24, 2022 June 24, 2022 5% 7.00% 1,651,963 August 25, 2022 September 23, 2022 September 23, 2022 5% 3.57% 869,953” extracted 2026-09-15T18:25:44 · confidence 0.9
2022-03-25	4.51	T2	N-CSR 2023-03-13	requested equals repurchased: offer not oversubscribed (Rule 23c-3(b)(5)); printed repurchased 4.51% of outsta… requested equals repurchased: offer not oversubscribed (Rule 23c-3(b)(5)); printed repurchased 4.51% of outstanding \| https://www.sec.gov/Archives/edgar/data/1557265/000139834423006064/fp0081664-3_ncsr.htm \| repurchase results note, notice_deadline shape (redemptions_requested_pct); 4.51 percent of outstanding shares repurchased against a printed offer amount of 5 percent, an offer that was not oversubscribed and so repurchased every share tendered “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased February 23, 2022 March 25, 2022 March 25, 2022 5% 4.51% 933,332” extracted 2026-09-15T18:25:44 · confidence 0.9
2021-12-23	1.95	T2	N-CSR 2022-03-10	requested equals repurchased: offer not oversubscribed (Rule 23c-3(b)(5)); printed repurchased 1.95% of outsta… requested equals repurchased: offer not oversubscribed (Rule 23c-3(b)(5)); printed repurchased 1.95% of outstanding \| https://www.sec.gov/Archives/edgar/data/1557265/000139834422005613/fp0073607_ncsr.htm \| repurchase results note, notice_deadline shape (redemptions_requested_pct); 1.95 percent of outstanding shares repurchased against a printed offer amount of 5 percent, an offer that was not oversubscribed and so repurchased every share tendered “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased February 23, 2021 March 25, 2021 March 25, 2021 5% 1.59% 157,502 May 26, 2021 June 25, 2021 June 25, 2021 5% 1.31% 154,917 August 25, 2021 September 24, 2021 September 24, 2021 5% 2.39% 344,362 November 23, 2021 December 23, 2021 December 23, 2021 5% 1.95% 336,319” extracted 2026-09-15T18:25:44 · confidence 0.9
2021-09-24	2.39	T2	N-CSR 2022-03-10	requested equals repurchased: offer not oversubscribed (Rule 23c-3(b)(5)); printed repurchased 2.39% of outsta… requested equals repurchased: offer not oversubscribed (Rule 23c-3(b)(5)); printed repurchased 2.39% of outstanding \| https://www.sec.gov/Archives/edgar/data/1557265/000139834422005613/fp0073607_ncsr.htm \| repurchase results note, notice_deadline shape (redemptions_requested_pct); 2.39 percent of outstanding shares repurchased against a printed offer amount of 5 percent, an offer that was not oversubscribed and so repurchased every share tendered “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased February 23, 2021 March 25, 2021 March 25, 2021 5% 1.59% 157,502 May 26, 2021 June 25, 2021 June 25, 2021 5% 1.31% 154,917 August 25, 2021 September 24, 2021 September 24, 2021 5% 2.39% 344,362” extracted 2026-09-15T18:25:44 · confidence 0.9
2021-06-25	1.31	T2	N-CSR 2022-03-10	requested equals repurchased: offer not oversubscribed (Rule 23c-3(b)(5)); printed repurchased 1.31% of outsta… requested equals repurchased: offer not oversubscribed (Rule 23c-3(b)(5)); printed repurchased 1.31% of outstanding \| https://www.sec.gov/Archives/edgar/data/1557265/000139834422005613/fp0073607_ncsr.htm \| repurchase results note, notice_deadline shape (redemptions_requested_pct); 1.31 percent of outstanding shares repurchased against a printed offer amount of 5 percent, an offer that was not oversubscribed and so repurchased every share tendered “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased February 23, 2021 March 25, 2021 March 25, 2021 5% 1.59% 157,502 May 26, 2021 June 25, 2021 June 25, 2021 5% 1.31% 154,917” extracted 2026-09-15T18:25:44 · confidence 0.9
2021-03-25	1.59	T2	N-CSR 2022-03-10	requested equals repurchased: offer not oversubscribed (Rule 23c-3(b)(5)); printed repurchased 1.59% of outsta… requested equals repurchased: offer not oversubscribed (Rule 23c-3(b)(5)); printed repurchased 1.59% of outstanding \| https://www.sec.gov/Archives/edgar/data/1557265/000139834422005613/fp0073607_ncsr.htm \| repurchase results note, notice_deadline shape (redemptions_requested_pct); 1.59 percent of outstanding shares repurchased against a printed offer amount of 5 percent, an offer that was not oversubscribed and so repurchased every share tendered “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased February 23, 2021 March 25, 2021 March 25, 2021 5% 1.59% 157,502” extracted 2026-09-15T18:25:44 · confidence 0.9