![]() The Notes will not be and have not been registered under the Securities Act or any state securities laws and may not be offered or sold absent registration under the Securities Act, or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. $55 Million 15-year Bullet Notes Due November 5, 2035 $85 Million 12-year Bullet Notes Due November 5, 2032 $85 Million 10-year Bullet Notes Due November 5, 2030 He continued, "We believe the opportunity for the Fund to issue long term notes at attractive rates has the potential to accrue to the benefit of Fund shareholders." "The success of this transaction is a testament to the prudent investment discipline of the Fund's portfolio management," said Laton Spahr, President of ALPS Advisors, Inc., investment adviser to the Fund. The proceeds from the Notes will be used for making new portfolio investments and for general corporate purposes. ![]() Interest on the Notes is payable semiannually, on the 5 th day of May and November in each year, commencing on May 5, 2021. The 10-, 12-, and 15-year series will pay interest semi-annually at the rate of 2.62%, 2.72%, and 2.87%, respectively. Looney continued, "With its disciplined investment philosophy, RMA will attempt to take advantage of market volatility to benefit Fund shareholders." "The successful issuance of these Notes provides Fund shareholders with an opportunity to benefit from the current interest rate environment and opportunities that present themselves in the market," said Joel Looney, President and Portfolio Manager of the Fund, and President and Assistant Investment Officer of Rocky Mountain Advisers, LLC (RMA), sub-adviser to the Fund. Fitch Ratings assigned long term ratings of "A" to each series of Notes on November 5, 2020. (NYSE: BIF) (the Fund) announced that it agreed to issue and sell an aggregate principal amount of $225 million of senior unsecured notes (Notes) in a private placement to certain "accredited investors" pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.Īn aggregate principal amount of $225 million of the Notes was issued on November 5, 2020, in three series with maturities of 10-, 12-, and 15-years. 5, 2020 /PRNewswire/ - Boulder Growth & Income Fund, Inc.
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