NEW YORK, July 1, 2015 /PRNewswire/ -- Cohen & Steers,
Inc. (NYSE: CNS), a leading global investment manager focused on
real assets, today announced that Argo Global Listed Infrastructure
Limited (AGLI) (ASX: ALI) has completed a capital raising of
A$286 million (US$220 million). Cohen & Steers was selected
as portfolio manager of AGLI. The initial public offering (IPO) of
AGLI is the largest listed investment company (LIC) IPO in
Australia in over eight years.
The offer closed on Friday June 19,
2015. The AGLI shares and options issued under the offer
were allocated on Monday June 29,
2015 and are expected to begin trading on the Australian
Securities Exchange (ASX) on Friday July 3,
2015.
Jason Beddow, the Managing
Director of AGLI, said, "The success of the offer demonstrates
AGLI's unique investment proposition has resonated well with the
investment community. Investors will benefit from the significant
experience of award-winning global investment manager, Cohen &
Steers, and the diversification benefits afforded by investing in
global infrastructure securities."
Robert Steers, Chief Executive
Officer of Cohen & Steers said, "We are pleased to partner with
Argo in building diversified infrastructure portfolios for
Australian investors. Our experienced specialist investment team
and disciplined approach can help investors participate in the best
opportunities in the rapidly growing listed infrastructure
universe."
Cohen & Steers manages US$5.7
billion in global listed infrastructure assets—typically
characterized by stable and predictable revenue or cash flow—for
institutional investors and investment companies. Since launching
the global listed infrastructure strategy in 2003, Cohen &
Steers has become one of the world's premier investment managers in
the asset class. The portfolio is managed by a specialist global
investment team, with senior investment professionals in
New York, London and Hong
Kong.
More information is available at cohenandsteers.com.
Website: http://cohenandsteers.com
Symbol: NYSE: CNS
About Cohen & Steers. Cohen & Steers is a global
investment manager specializing in liquid real assets, including
real estate securities, listed infrastructure, commodities and
natural resource equities, as well as preferred securities and
other income solutions. Founded in 1986, the firm is headquartered
in New York City, with offices in
London, Hong Kong, Tokyo and Seattle.
This press release is not intended as an offer of or advice to
purchase shares of AGLI or Cohen & Steers, Inc. Cohen &
Steers Capital Management, Inc., the portfolio manager of AGLI, is
exempt from the requirement to hold an Australian Financial
Services License under the Corporations Act in respect of the
financial services it provides to wholesale clients only in
Australia.
About Argo Investments. Argo Investments Limited is a
leading Australian listed investment company (ASX: ARG) which
manages a diversified portfolio of Australian investments with the
objective of maximizing long-term returns to its shareholders
through a balance of capital and dividend growth. Established in
1946, Argo has over 75,000 shareholders and a c.A$5.0 billion portfolio invested across over 100
different equity holdings and cash.
About Argo Global Listed Infrastructure. Argo Global
Listed Infrastructure Limited (ASX: ALI) has been established to
invest in a portfolio of global listed infrastructure securities,
with the objective of providing both long-term capital growth and
dividend income for shareholders. The portfolio will invest in a
diverse cross section of countries and infrastructure sub-sectors
including airports, water, pipelines, railways, ports, satellites,
toll roads, telecommunications towers and electricity, gas and
renewable energy utilities. The portfolio will be actively managed
by Cohen & Steers.
Forward-Looking Statements
This press release and
other statements that Cohen & Steers may make may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, which reflect the company's current views with respect
to, among other things, its operations and financial performance.
You can identify these forward-looking statements by the use of
words such as "outlook," "believes," "expects," "potential,"
"continues," "may," "will," "should," "seeks," "approximately,"
"predicts," "intends," "plans," "estimates," "anticipates," or the
negative versions of these words or other comparable words. Such
forward-looking statements are subject to various risks and
uncertainties. Accordingly, there are or will be important factors
that could cause actual outcomes or results to differ materially
from those indicated in these statements. The company undertakes no
obligation to publicly update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise.