Dessauer Global Equity Fund's initial 5.25 million shares priced at $12.50.RICHMOND, Va.--(BUSINESS WIRE)--May 30, 1997--The Dessauer Global Equity Fund's initial public offering of 5.25 million shares was priced at $12.50 for sale by sole underwriter Wheat First Butcher Singer. The gross spread was 62.5 cents, the selling concession Selling concession The discount underwriters offer the selling group on securities in a new issue. selling concession See concession. was 37.5 cents, the management fee was 12.5 cents and the underwriting fee Underwriting fee The portion of the gross underwriting spread that compensates the securities firms that underwrite a public offering for their services. was 12.5 cents. Delivery is scheduled for June 4. Dessauer, an Orleans, Mass.-based company, is a non-diversified, closed-end management investment company that seeks long-term capital appreciation by investing in the securities of issuers that it believes are positioned to benefit from growth in the global economy. Shares of the fund will be listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "DGE DGE Dynamic General Equilibrium (economics) DGE Diccionario Griego-Español (Madrid, Spain) DGE Dynamic Gain Equalizer DGE Delayed Gastric Emptying DGE Division of Gaming Enforcement ." Wheat First Butcher Singer provides a comprehensive range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to individual and institutional investors worldwide. With more than $30 billion in client assets, the firm has 2,900 associates and operates 125 offices nationwide. CONTACT: Wheat First Butcher Singer John Fox, 804/782-3040 |
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