Deal Details
Initial Public Offering
Summary
Baird served as a co-manager in this offering
About
ClearBridge Energy MLP Opportunity Fund Inc. (NYSE: EMO) (the “Fund”) recently completed an initial public offering of 27,000,000 shares of its common stock at a price of $20.00 per share. The offering generated approximately $540.0 million of gross proceeds. The Fund intends to invest the net proceeds from this offering in accordance with its investment objective and policies within three months after the completion of this offering.The Fund is a newly organized, non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with an emphasis on making cash distributions to its shareholders. The Fund seeks to achieve its objective by investing primarily in master limited partnerships in the energy sector.
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- Date
- June 2011
- Company
- ClearBridge Energy MLP Total Return Fund Inc.
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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