# EDGAR Filing Document

**Accession Number:** 0001589390
**File Stem:** 0001580642-26-000664
**Filing Date:** 2026-2
**Character Count:** 6562
**Document Hash:** f9b65ce194960a738944885ea0a6f163
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-26-000664.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0001580642-26-000664

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 12

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260203

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Evanston Multi-Alpha Fund
- **CENTRAL INDEX KEY:** 0001589390

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-88210
- **FILM NUMBER:** 26590789

**BUSINESS ADDRESS:**
- **STREET 1:** 1560 SHERMAN AVENUE
- **STREET 2:** SUITE 960
- **CITY:** EVANSTON
- **STATE:** IL
- **ZIP:** 60201
- **BUSINESS PHONE:** 847-328-4961

**MAIL ADDRESS:**
- **STREET 1:** 1560 SHERMAN AVENUE
- **STREET 2:** SUITE 960
- **CITY:** EVANSTON
- **STATE:** IL
- **ZIP:** 60201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** North Square Evanston Multi-Alpha Fund
- **DATE OF NAME CHANGE:** 20240509

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Evanston Alternative Opportunities Fund
- **DATE OF NAME CHANGE:** 20131016
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Evanston Multi-Alpha Fund
- **CENTRAL INDEX KEY:** 0001589390

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**BUSINESS ADDRESS:**
- **STREET 1:** 1560 SHERMAN AVENUE
- **STREET 2:** SUITE 960
- **CITY:** EVANSTON
- **STATE:** IL
- **ZIP:** 60201
- **BUSINESS PHONE:** 847-328-4961

**MAIL ADDRESS:**
- **STREET 1:** 1560 SHERMAN AVENUE
- **STREET 2:** SUITE 960
- **CITY:** EVANSTON
- **STATE:** IL
- **ZIP:** 60201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** North Square Evanston Multi-Alpha Fund
- **DATE OF NAME CHANGE:** 20240509

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Evanston Alternative Opportunities Fund
- **DATE OF NAME CHANGE:** 20131016

------

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

------

**SCHEDULE TO** 

**(Rule 13e-4)**

------

**TENDER OFFER STATEMENT PURSUANT TO SECTION 13(e)(1)** 

**OF THE SECURITIES EXCHANGE ACT OF 1934** 

**(Final Amendment)**

------

**Evanston Multi-Alpha Fund**

**(formerly, North Square Evanston Multi-Alpha Fund)**

**(Name of Issuer)** 

**Evanston Multi-Alpha Fund**

**(formerly, North Square Evanston Multi-Alpha Fund)**

**(Name of Person(s) Filing Statement (Issuer))** 

------

**Class A Shares and Class I Shares**

**(Title of Class of Securities)**

**Class A Shares: 299222 208 Class I Shares: 299222 109**

**(CUSIP Number of Class of Securities)**

------

**Karen Jacoppo-Wood**<br> **c/o Ultimus Fund Solutions, LLC**<br> **225 Pictoria Drive, Suite 450**<br> **Cincinnati, Ohio 45246**<br> **(513) 577-1693**<br>**(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Filing Persons(s))**<br>**With a copy to:**<br> **Stacy H. Louizos, Esq.**<br> **Blank Rome LLP**<br> **1271 Avenue of the Americas**<br> **New York, New York 10020**<br> **(212) 885-5147**<br>

**September 26, 2025**

**(Date Tender Offer First Published, Sent or Given to Security Holders)**

------

◻ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

◻ third-party tender offer subject to Rule 14d-1.

⌧ issuer tender offer subject to Rule 13e-4.

◻ going-private transaction subject to Rule 13e-3.

◻ amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: ⌧

**Final Amendment to Tender Offer Statement**

This Final Amendment amends the Issuer Tender Offer Statement on Schedule TO (the "Statement") originally filed with the Securities and Exchange Commission on September 26, 2025, by the Evanston Multi-Alpha Fund (formerly, North Square Evanston Multi-Alpha Fund) (the "Fund") relating to the Fund's offer to repurchase Class A Shares and Class I Shares of the Fund ("Shares") from its shareholders ("Shareholders") on the terms and subject to the conditions set forth in the Offer to Repurchase and the related Letter of Transmittal in an aggregate amount of up to $13,278,452 (the "Offer") and constitutes the final amendment pursuant to Rule 13e-4(c)(4) under the Securities Exchange Act of 1934, as amended.

Pursuant to the Offer, $5,743,523.51 was tendered and accepted by the Fund at a net asset value of $8.8994 per Class I Share as determined as of December 31, 2025. No Class A Shares were tendered for repurchase. Payments (less any early repurchase charge or holdbacks) were wired on January 28, 2026 to the accounts of tendering Shareholders as described in the Letter of Transmittal and in accordance with the terms of the Offer.

---

| | |
|:---|:---|
| **ITEM 12(b).** | **Filing Fees** |

---

[Filing Fee Exhibit](exfilingfees.htm)

------

 **SIGNATURE** 

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 3, 2026

EVANSTON MULTI-ALPHA FUND

By: <u>/s/ Ian Martin</u> 

Name: Ian Martin

Title: President and Principal Executive Officer

## Ex-Filing

?xml version='1.0' encoding='ASCII'?

**Exhibit – Calculation of Filing Fee Tables**

**Calculation of Filing Fee Tables**

**SC TO-I/A**

(Form Type)

**Evanston Multi-Alpha Fund**

**(formerly, North Square Evanston Multi-Alpha Fund)**

(Exact Name of Registrant as Specified in its Charter)

**Table 1 – Transaction Value**

---

| | | | |
|:---|:---|:---|:---|
|  | **Transaction<br> Valuation** | **Fee<br> rate** | **Amount of<br> Filing Fee** |
| Fees to Be Paid |  | &nbsp;&nbsp;&nbsp;&nbsp; – |  |
| Fees Previously Paid | $13278452 <sup>(a)</sup> | $153.10 | $2032.93 <sup>(b)</sup> |
| **Total Transaction Valuation** | $13278452 <sup>(a)</sup> |  |  |
| **Total Fees Due for Filing** |  |  | $0.00 |
| **Total Fees Previously Paid** |  |  | $2032.93 |
| **Total Fee Offsets** |  |  |  |
| **Net Fee Due** |  |  | $0.00 |

---

(a) Calculated as the aggregate maximum purchase price for shares of beneficial interest.

(b) Calculated at $153.10 per $1,000,000 of the Transaction Valuation, pursuant to Rule 0-11 of the Securities Exchange Act of 1934, as amended.