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February 2012 Press Release Review and Highlights

March 2, 2012

During the month of February, we tracked 438 closed-end press releases. Some key highlights are included below:

  • Kayne Anderson announced a secondary offering for KYN
  • AWP announced a program to repurchase up to 10% of outstanding shares
  • ACP announced a 1 for 3 rights issue
  • SGF announced a tender offer
  • SWZ announced a termination of negotiations regarding a proposed transaction.

Feb 2012 Press Release Overview

Initial Public Offering – Closed-End Funds

Virtus Global Multisector Income Fund (VGI) IPOed on February 24, 2012
IPO Price $20.00
IPO Assets: $215M/$247M (over-allotment)

Cushing  Royalty & Income Fund (SRF) IPOed on February 24, 2012
IPO Price: $25.00
IPO Assets: $207.5M/$238.6M (over-allotment)

Feb 2012 Dividend Changes Overview

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