Sprott Physical Silver Trust has completed its initial public offering for gross proceeds of US$575 million, Sprott Asset Management LP said Wednesday.The 57.5 million units in the offering includes the exercise by the underwriters of their entire overallotment of 7.5 million units.The units are listed on the NYSE Arca (PSLV) and the Toronto Stock Exchange […]
O’Leary Founder’s Series Income & Growth Fund has completed its conversion into an open-end mutual fund as of the close of business on November 1, O’Leary Funds Management LP confirmed Tuesday.The name, investment mandate and distribution policy of the fund have not changed as a result of thecConversion. The trust units of the fund (TSX: […]
Fund aims to yield 8% annually
Fund aims to yield 6.5% annually
Fund with a built-in conversion feature are expected to comply with mutual fund disclosure rules
Offering simultaneously made in the U.S. and Canada
Closed-end fund targets annual distributions of 7%
Fund offers exposure to U.S. energy master limited partnerships
Distributions targeted to yield 6% per year
Fund aims to monthly tax-advantaged distributions