Deal Snapshot
COHEN AND STEERS REORGANISES GLOBAL INCOME BUILDER WITH AND INTO INFRASTRUCTURE FUND
Thursday 13 June 2019

The boards of directors of US-based global investment manager Cohen and Steers' Cohen and Steers Global Income Builder, Inc. (NYSE: INB) and Cohen and Steers Infrastructure Fund, Inc. (NYSE: UTF) have approved the reorganisation of INB with and into UTF, pursuant to which UTF would continue as the surviving fund, the company said.
In approving the reorganisation, the directors considered, among other things, each fund's investment objectives, net asset value and stock price performance, income potential and potential operating expense savings based on operational efficiencies. The reorganisationwill permit fund shareholders to pursue substantially similar investment objectives in a larger fund that has a focused investment strategy and anticipated lower expenses.


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Details
Date Published: 13/06/2019
Target: Cohen and Steers Global Income Builder
Country: USA
Sector: Banking/Financial Services
Type: Restructuring
Status: Agreed
Vendor: Cohen and Steers
Buyer: Cohen and Steers Infrastructure Fund
Comment:


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