Energy Income And Growth Fund Announces Public Offering Of Common Shares
Energy Income and Growth Fund (the “Fund ”) (NYSE Amex: FEN) announced that it has commenced a public offering of 1,200,000 common shares of beneficial interest. The Fund also intends to grant the underwriters a 30-day option to purchase up to 180,000 additional common shares to cover over-allotments, if any. Net proceeds from the offering will be used to make additional portfolio investments that are consistent with the Fund’s investment objective and for general corporate purposes.
RBC Capital Markets is acting as sole book-running manager for the offering. BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., Maxim Group LLC, Oppenheimer & Co. Inc., Wedbush Securities Inc. and Wunderlich Securities, Inc. are acting as co-managing underwriters on the offering. The offering is made pursuant to an existing shelf registration statement on Form N-2 previously filed with the Securities and Exchange Commission. The offering of these securities will be made only by means of a prospectus. Interested persons, including existing shareholders of the Fund, may obtain a copy of the preliminary prospectus supplement and prospectus supplement relating to the offering from the following address:
|RBC Capital Markets Corporation|
|Attn: Equity Syndicate Department|
|Three World Financial Center|
|200 Vesey Street, 8th Floor|
|New York, New York 10281|
|Telephone: (212) 428-6670|
|Fax: (212) 428-6260|
Investors may also obtain these documents free of charge from the Securities and Exchange Commission’s website at www.sec.gov.
An investor should read the Fund’s preliminary prospectus supplement and prospectus supplement carefully before investing. The preliminary prospectus supplement and prospectus supplement contain important information about the Fund and its investment objective and policies, risks, charges and expenses.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV