NEW YORK--(BUSINESS WIRE)--Four Wood Capital Partners LLC (“FWCP”) today announced that the firm successfully launched a new closed-end fund, Eagle Growth & Income Opportunities Fund (the “Fund”), which has priced its initial public offering and began trading on the New York Stock Exchange on June 19th, 2015 under the symbol “EGIF.” Four Wood Capital Advisors LLC (“FWCA”), a subsidiary of FWCP, serves as Investment Advisor and Eagle Asset Management and Recon Capital Partners, LLC serves as Sub Advisors to the Fund. The Fund raised approximately $121.5 million in its common share offering, excluding any exercise of the underwriters’ option to purchase additional shares. If the underwriters exercise that option in full, which may or may not occur, the Fund will have raised approximately $140 million.
“In the current environment, where investors continue to search for intelligent access to market participation, a growing income stream and downside protection, we believe that an actively managed flexible portfolio strategy composed of equity and other income paying equity and debt securities with attractive yields, strong growth of earnings and the ability to perform well in a variety of market conditions should continue to be a valuable addition to many client portfolios. Eagle Asset Management has demonstrated a successful record in delivering returns in such strategies on behalf of investors for more than 30 years. As such, we strongly believe in our partnership with Eagle Asset Management, a premier institutional manager in the space, and their abilities as the Fund’s sub adviser,” said Steven A. Baffico, Managing Partner & CEO of Four Wood Capital Partners LLC.
The Eagle Growth & Income Opportunities Fund (“the Fund”) is a newly organized, non-diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of current income and capital appreciation. The Fund seeks to achieve its investment objective by investing, under normal market conditions, in dividend or other income paying equity securities and debt securities in U.S. companies and non-U.S. companies.
Lead Managers of the underwriting syndicate were Raymond James and Stifel.
The Fund has no operating history. Investors should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing.
The investment return, price, yields, market value and net asset value (NAV) of a fund's shares will fluctuate with market conditions. Closed-end funds frequently trade at a discount to their NAV, which may increase an investor’s risk of loss. At the time of sale, your shares may have a market price that is above or below NAV, and may be worth more or less than your original investment. There is no assurance that the Fund will meet its investment objective.
About Four Wood Capital Partners LLC
Four Wood Capital Partners LLC ("FWCP") is a premier boutique investment banking, advisory services and asset management business. We are industry experts in yield-oriented investment solutions. With core competencies across origination and investment banking, investment advisory and distribution services, FWCP serves both institutions and individuals. Founded in 2012, FWCP, its subsidiaries and affiliates have assets under management, supervision and/or servicing of approximately $1.5 billion as of June 2015.
About Eagle Asset Management
Eagle Asset Management provides institutional and individual investors with a broad array of equity and fixed income products designed to meet long-term goals. Their clients currently entrust more than $32.8 billion† (as of March 31, 2015) in an investment philosophy designed to seek superior, risk-adjusted returns. Eagle was built on the cornerstones of intelligence, experience and conviction that they believe clients expect from their investment managers.
†Includes Eagle Boston Investment Management, Inc., a wholly owned subsidiary of Eagle Asset Management, Inc. and ClariVest Asset Management LLC, an affiliate of Eagle Asset Management, Inc.
Contact the Fund at 1.855.769.4460 or visit the Fund’s website at www.fwcapitaladvisors.com/egif for additional information.