Initial Public Offering
Baird served as a co-manager on this offering
AboutCohen & Steers MLP Income and Energy Opportunity Fund, Inc. (NYSE: MIE) (the “Fund”) recently completed an initial public offering of 24,000,000 common shares at a price of $20.00 per share, generating gross proceeds of $480.0 million. The Fund intends to use the net proceeds from the offering to make portfolio investments that are consistent with the Fund’s investment objective and policies.
The Fund is a newly organized, non-diversified, closed-end management investment company. The Fund’s investment objective is to provide attractive total return, comprised of high current income and price appreciation. The Fund seeks to achieve its investment objective by investing primarily in master limited partnerships (“MLPs”) and other energy investments. The Fund is structured as a tax efficient vehicle to help achieve its investment objective. Under normal market conditions, the Fund will invest at least 80% of its managed assets in MLPs and other energy investments. The Fund is headquartered in New York, New York.
For additional information about this transaction, please contact:
- March 2013
- Cohen & Steers MLP Income and Energy Opportunity Fund, Inc.
- Target Location
- North America