The investment manager seeks approval to convert two closed-end funds
The trust will offer investors exposure to institutional quality real assets in the global real estate and global infrastructure sectors
Closed-end funds would be reorganized as open-end mutual funds
The closed-end fund’s portfolio focuses on companies pursuing major technological innovations
Unitholders expected to benefit from conversion
NEO prepares to welcome its first set of closed-end funds and unit-traded funds
The company invests in a portfolio of equities of large North American pharmaceutical companies
The fund consists mainly of dividend-paying securities of issuers that are either based in or derive a significant portion of their revenue from Europe
The deal would add $4.3 billion to Sprott’s assets under management
Middlefield Healthcare & Life Sciences Dividend Fund IPO raises $103 million