Canadian fund manager Front Street Capital has opened the Front Street MLP Income Fund II again. It will remain open for eight days including and through October 11 to October 18. The product will offer tax-efficient exposure to an actively managed, diversified portfolio of U.S. energy infrastructure master limited partnerships (MLPs).
It will provide cash distributions every quarter and long-term capital appreciation, and will be offered in both Canadian and U.S. dollars. The offering is co-led by a group of investment dealers, some which are CIBC, RBC Capital Markets, BMO Capital Markets, National Bank Financial, TD Securities and Scotia Capital.
Click here for the release from Market Wire.