American Stock Exchange Initial Public Offering of RMR F.I.R.E. Fund

American Stock Exchange Initial Public Offering of RMR F.I.R.E.
Fund 


NEW YORK, Nov. 23  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
today began trading common shares of RMR F.I.R.E. Fund under the ticker symbol
RFR.

RMR F.I.R.E. Fund is a newly organized, non-diversified, closed end management
investment company.  Its primary investment objective is to provide high total
returns to shareholders through a combination of capital appreciation and
current income by investing in securities issued by financial, insurance and
real estate (F.I.R.E.) companies.

"We are pleased to welcome RMR F.I.R.E. Fund to the American Stock Exchange,"
said Tom Rzepski, vice president of the Amex's closed-end fund business.  "The
investment advisor of the new fund is RMR Advisors, Inc.  RMR F.I.R.E. Fund is
the third closed-end fund RMR Advisors has listed on the Amex in the past year.
The Amex looks forward to a long and collaborative relationship with RMR
Advisors, Inc. as we continue to provide investors with a variety of innovative
investment opportunities."

With an initial share price of $25 for the RMR F.I.R.E. Fund, the approximate
initial value of the 1.48 million shares priced today is $37 million, excluding
the underwriters' over allotment option.  The underwriting syndicate is led by
RBC Capital Markets. The specialist in the new fund is Weiskopf, Silver & Co.

The American Stock Exchange currently lists 149 closed-end funds with over $25
billion in assets.  For additional information on this fund or other Amex-
listed closed-end funds, please call 1-800-THE-AMEX.

The American Stock Exchange(R) (Amex(R)) is the only primary exchange that
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 143 ETFs.  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.  For more information,
please visit http://www.amex.com/. 

DATASOURCE: American Stock Exchange



CONTACT:  Dan Charnas of American Stock Exchange, [phone],

 



Web site:  http://www.amex.com/ 

Copyright