Excel India Growth & Income Fund
$200,000,000.00
16,667,667.00 Units at $12.00
Initial Public Offering - Closed - Tuesday, May 26, 2015
Company Description
Excel India Growth & Income Fund is a closed-end investment fund created to invest in an actively managed, diversified portfolio comprised primarily of publicly-listed equity securities and investment grade fixed income securities, in each case, issued by entities located in India. Excel Funds Management Inc. is the manager of the Fund and Excel Mauritius and its affiliate, Excel Investment Counsel Inc., is the portfolio manager of the Fund and Excel Mauritius. The Manager and Portfolio Manager are part of the Excel group, which manages 13 other investment funds focused on investing in emerging markets.
| Address: |
2810 Matheson Blvd East,Suite 800 Mississauga, Ontario, L4W 4X7 Canada |
|---|---|
| Phone Number: | (888)-813-9813 |
| Fax Number: | (905) 624-7531 |
| Website: |
| Industry: | Structured Products |
|---|---|
| Closing Date: | Tuesday, May 26, 2015 |
| 1st Day of Trading: | Tuesday, May 26, 2015 |
| Primary Symbol: | EGI |
| Exchange: | Toronto |
Proceeds
The Fund will use the net proceeds of the offering to purchase shares of Excel Mauritius and Excel Mauritius will use such funds to acquire the portfolio securities.
| Gross Proceeds: | $200,000,000.00 |
|---|---|
| Underwrting Fees: | $1,050.00 |
| Expense Offering: | $750,000.00 |
| Net Proceeds: | $199,248,950.00 |
| Lead Underwriter: | BMO Nesbitt Burns Inc. |
|---|---|
| Other Underwriter(s): |
RBC Dominion Securities Inc. CIBC World Markets Inc. TD Securities Inc. Scotia Capital Inc. National Bank Financial Inc. Desjardins Securities Inc. GMP Securities Ltd. Dundee Securities Corporation Raymond James Ltd. Industrial Alliance Securities Inc. Canaccord Genuity Corp. PI Financial Corp. Manulife Securities Incorporated Mackie Research Capital Corporation Sherbrooke Street Capital |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 0.00 % | 0.16 % | -2.76 % | 15.36 % | 2.67 % |
| Post IPO Performance | -1.67 % | -1.67 % | -15.00 % |
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