Canadian energy investors will soon have an investment option in Canada, as Texas billionaire and natural gas champion T. Boone Pickens files final prospectus for the T. Boone Pickens Energy Fund in all provinces and territories in Canada.
The Fund hopes top raise $200 million in an initial public offering and provide investors with the opportunity for long-term capital growth by providing access to the energy-related investment strategies of TBP Investments Management LLC (the “Portfolio Manager”). The Portfolio Manager and its management team are led by Mr. T. Boone Pickens. The Fund will seek to achieve its investment objective by investing the net proceeds of the offerings in an actively-managed portfolio consisting primarily of equity and commodity-related investments within the energy and energy-related sectors.
The offering is being made through a wide syndicate of investment dealers across Canada led by BMO Capital Markets and including CIBC, RBC Capital Markets, TD Securities Inc., Blackmont Capital Inc., Canaccord Financial Ltd., Desjardins Securities Inc., Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., GMP Securities L.P., Manulife Securities Incorporated, Wellington West Capital Markets Inc. and Research Capital Corporation.
Canada Newswire (Press Release): T. Boone Pickens Energy Fund files final prospectus
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