Deal Details
Initial Public Offering
Summary
Baird served as a co-manager in this offering
About
First Trust Energy Infrastructure Fund (NYSE: FIF) (the “Fund”) recently completed an initial public offering of 17,250,000 shares of its common stock at a price of $20.00 per share. The offering generated approximately $345.0 million of gross proceeds. The Fund intends to invest the net proceeds of the offering in accordance with the Fund's investment objective and policies.FIF is a newly organized, non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions paid to shareholders. The Fund will seek to achieve this objective by investing primarily in securities of companies engaged in the energy infrastructure sector.
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- Date
- September 2011
- Company
- First Trust Energy Infrastructure Fund
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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