MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, April 30, 2010 Virtus Looks to Raise Up to $100 Million, But Not Now Virtus Investment Partners earlier this month filed a shelf registration statement with the SEC which, when declared effective, would enable the Hartford, Connecticut-based mutual fund firm to raise up to $100 million through the sale of equity or debt. Virtus officials were quick to note, however, that there are no immediate plans or current commitments to do so. "This registration, which is a common component of a public company's capital structure, gives us greater financial flexibility for the future," said Virtus president and CEO George Aylward in an April 8 press release. Virtus spun off from the Phoenix Companies in December 2008. Printed from: MFWire.com/story.asp?s=32077 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |