Our innovative product offerings include the first initial public offering of a closed-end fund investing in master limited partnerships (MLPs) and, at the time, a novel structure for bring-downs from a shelf registration.

Our experience encompasses every type of offering used by closed-end funds, such as initial public offerings, shelf registration statements, at-the-market offerings and Rule 144A offerings for preferred stock.

Additionally, we have experience with traditional closed-end fund structures, as well as interval funds and 1940 Act-only registered funds, with a particular emphasis on fund of funds.

We have represented closed-end funds in the negotiation and structuring of a wide range of leverage techniques, including secured credit facilities, commercial paper conduits and margin loans, and in the issuance of auction-rate preferred shares and notes, term-preferred shares, variable-rate preferred shares and extendible notes.

We also have represented closed-end funds with respect to complex multi-fund reorganizations and have advised funds and boards on refinancings of auction-rate securities, dissident shareholder activity and lift-outs, roll-ups and acquisitions of other funds.