Legg Mason affiliate EnTrustPermal is launching an investment trust via a placing and offer for subscription, which will target $250m (£190m) of fund raising, for a direct lending strategy focussed on the global shipping industry's $80bn (£60.9bn) debt requirements.
Listed on the London Stock Exchange (LSE) at an issue price of $1 for each of the 250 million ordinary shares, the Blue Ocean Maritime Income investment trust will target a yield of 7% a year by providing...
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