American Stock Exchange Launches RMR Asia Real Estate Fund

Share Name	Share Symbol	Market	Type
Rmr Asia Real Estate Fd	AMEX:RAF	AMEX	Ordinary Share

Share Name

Share Symbol

Market

Type

Rmr Asia Real Estate Fd

AMEX:RAF

AMEX

Ordinary Share

Price Change

% Change

Share Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

0.00

0.00%

0.00

American Stock Exchange Launches RMR Asia Real Estate Fund

25/05/2007 4:38pm

PR Newswire (US)

Rmr Asia Real Estate Fd (AMEX:RAF)
Historical Stock Chart

From May 2019 to May 2024

Click Here for more Rmr Asia Real Estate Fd Charts.

RMR Advisors, Inc.'s Sixth Closed-End Fund to List on the Amex NEW YORK, May 25 /PRNewswire-FirstCall/ -- The American Stock Exchange(R) (Amex(R)) today began trading common shares of RMR Asia Real Estate Fund issued by RMR Advisors, Inc. under the ticker symbol RAF. RMR Asia Real Estate Fund is a newly organized, non-diversified, closed- end management investment company. Its primary investment objective is to provide long-term capital appreciation to its common stock shareholders. RMR Asia Real Estate Fund attempts to achieve its objective by investing in common stock or other equity securities, including preferred shares or debt securities convertible into common stocks, of Asian real estate companies. It is anticipated that under normal market conditions at least 80% of assets will be invested in these types of securities. "We are pleased to welcome back RMR Advisors, Inc. to the American Stock Exchange and its new RMR Asia Real Estate Fund," said Tom Rzepski, Vice President of the Amex's Closed-End Fund business. "RAF is the sixth closed-end fund RMR Advisors has listed on the Amex. The Amex looks forward to a long and collaborative relationship with RMR Advisors." With an initial share price of $20 for the RMR Asia Real Estate Fund, the approximate initial value of the 4.75 million shares priced today is $95 million, excluding the underwriter's over allotment option. The underwriting syndicate is led by RBC Capital Markets and Wachovia Securities. The specialist in the new fund is Weiskopf, Silver & Co. The Amex currently lists 149 closed-end funds with $32 billion in assets. The American Stock Exchange(R) (Amex(R)) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 309 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks DATASOURCE: American Stock Exchange CONTACT: Mary Chung of American Stock Exchange, +1-212-306-1641, Web site: http://www.amex.com/

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

RAF Rmr Asia Real Estate Fd