Cohen & Steers Arranging New Financing to Redeem Auction Market Preferred Securities
Saturday, May 17th, 2008NEW YORK - Cohen & Steers announced today that it has reached an agreement with a financial institution on the terms of a $300 million credit facility that will allow one of its closed-end funds to redeem, at par value, a portion of its auction market preferred securities (AMPS). Subject to final documentation and approvals, […]