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Article: Macquarie Group Announces New Closed-End Fund IPO on New York Stock Exchange.
- Article from:
- PR Newswire
- Article date:
- March 29, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Macquarie group today announced the successful pricing of the initial public offering of common shares in a new closed-end fund, the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the Fund). The Fund has issued 8,500,000 common shares at an initial price of $20.00 per share, resulting in gross proceeds of $170,000,000 (exclusive of the underwriters' overallotments). In addition, underwriters' overallotments of up to 15% of the total fund size may be exercised.
The Fund's shares began trading on the New York Stock Exchange on March 26, 2004, and its listing will be formally announced with the ringing of the NYSE opening bell on ...