Represented City of London Investment Group PLC (LSE:CLIG) in connection with its acquisition of Karpus Management, Inc. pursuant to a merger for consideration in the form of 24,118,200 ordinary shares of CLIG (equating to $99,700,000 based on the share price on the date of announcement). CLIG is a London-based global fund manager that specializes in closed-end fund investment, with approximately $5 billion in funds under management. Pittsford, New York-based Karpus is an investment management business that uses closed-end fund investments for its predominantly high net worth clients, with approximately $3.5 billion in funds under management.
M&A—Merger of City of London Investment Group PLC with Karpus Management, Inc.
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