Deal Details
Follow-On Offering
Summary
Baird served as a co-manager on this offering
About
Fiduciary/Claymore MLP Opportunity Fund (NYSE: FMO) (“Fiduciary/Claymore” or the “Fund”) recently completed a follow-on offering of 2,850,000 shares of common stock at a price of $25.21 per share, generating gross proceeds of approximately $71.8 million. The Fund intends to use the net proceeds from the offering to make additional portfolio investments that are consistent with its investment objective and for general corporate purposes.Fiduciary/Claymore is a non-diversified, closed-end management investment company that commenced investment operations on December 28, 2004. The Fund’s investment objective is to provide a high level of after-tax total return with an emphasis on current distributions paid to shareholders. Under normal market conditions, the Fund seeks to achieve its investment objective by investing primarily in securities of master limited partnership entities.
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- Date
- September 2013
- Company
- Fiduciary/Claymore MLP Opportunity Fund
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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