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The Kayne Anderson Midstream / Energy Fund IPO: A Marketing Achievement?

Dan Plettner submits:

On Tuesday evening November 23rd 2010, Kayne Anderson Midstream/Energy Fund (KMF) announced the pricing of its Initial Public Offering (“IPO”). Closed End Fund IPOs are always priced at a premium to their Net Asset Value (“NAV”) so regardless how good or bad the investment is for its new shareholders, such an announcement always marks a particular marketing feat.

Paragraph one of the press release highlights the size of the offering:

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By admin posted about 1 year ago
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