Business News • MarketWire • Canadian Energy Convertible Debenture Fund Closes Initial Public Offering |
Canadian Energy Convertible Debenture Fund Closes Initial Public Offering |
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Canadian Energy Convertible Debenture Fund Closes Initial Public Offering
TORONTO, ONTARIO--(Marketwire - Jan. 15, 2010) - Canadian Energy Convertible Debenture Fund (the "Fund")(TSX:CFE.UN) is pleased to announce the closing of its initial public offering. Pursuant to the offering, the Fund issued an aggregate of 10 million units at $10 per unit, for gross proceeds of $100 million by way of cash subscriptions and pursuant to the Exchange Option. The units are listed on the Toronto Stock Exchange ("TSX") under the symbol CFE.UN.
The Fund will invest in an actively managed portfolio comprised primarily of convertible debentures of Canadian energy issuers.
View More : http://www.marketwire.com/mw/release.do?id=1102375&sourceType=3
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