Deal Details
Follow-on Offering
Summary
Baird served as a co-lead manager in this offering
About
Energy Income and Growth Fund (NYSE AMEX: FEN) (the “Fund”) recently completed a follow-on offering of 2,800,000 shares of its common stock at a price of $28.13 per share. The offering generated $78.8 million of gross proceeds. The Fund intends to invest the net proceeds from this offering to acquire portfolio securities in pursuit of its investment objectives and policies and for general corporate purposes.The Fund is a non-diversified, closed-end management investment company, which commenced investment operations in June 2004. The Fund’s investment objective is to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund seeks to achieve its objective by investing primarily in master limited partnerships and related public entities in the energy sector.
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- Date
- July 2011
- Company
- Energy Income and Growth Fund
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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