Eagle Growth and Income Opportunities Fund Announces Lower Advisory Fee
May 24 2018 - 6:09PM
Business Wire
Eagle Growth and Income Opportunities Fund (the “Fund”)
(NYSE: EGIF) today announced that the Fund’s Board of
Trustees approved a proposal to reduce the Fund’s annual advisory
fee rate, effective May 24, 2018, to 0.85% of the average daily
value of the Fund’s Managed Assets,1 a decrease of 0.20% from the
prior advisory fee rate of 1.05%. In addition, Fund’s Board of
Trustees approved an amended Investor Support Services Agreement
which makes permanent a waiver which reduced the fees payable under
that agreement, effective May 24, 2018, to 0.05% of the average
daily value of the Fund’s Managed Assets, a decrease of 0.05% from
the prior fee rate of .10%.
Eagle Growth and Income Opportunities Fund
The Fund is a non-diversified, closed-end management investment
company that is advised by Four Wood Capital Advisors LLC, a
wholly-owned subsidiary of Four Wood Capital Partners LLC, and
subadvised by Eagle Asset Management, Inc. The Fund’s investment
objective is to provide total return through a combination of
current income and capital appreciation. There can be no assurance
that the Fund will achieve its investment objectives.
About Four Wood Capital Advisors LLC
Four Wood Capital Advisors LLC (“FWCA”) is the Fund’s investment
advisor and is registered with the U.S. Securities Exchange
Commission as an investment advisor. FWCA is a New York Limited
Liability Company formed in June 2012 to provide investment
management and advisory services to registered investment companies
and institutional investors. FWCA is a wholly owned subsidiary of
Four Wood Capital Partners LLC.
About Eagle Asset Management, Inc.
Eagle Asset Management, Inc. (“Eagle”) provides institutional
and individual investors with a broad array of equity and fixed
income products designed to meet long-term goals.
Forward-Looking Statements
Statements included herein may constitute “forward-looking
statements”, which relate to future events or our future
performance or financial condition. These statements are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors, including those described from time to time
in our fillings with the Securities and Exchange Commission. Eagle
Growth and Income Opportunities Fund undertakes no duty to update
any forward-looking statements made herein.
Contact the Fund at 1.855.456.3927 or visit the Fund’s
website at http://fwcapitaladvisors.com/egif for
additional information.
1 Total assets of the Fund (including any assets attributable to
borrowings for investment purposes) minus the sum of the Fund’s
accrued liabilities (other than liabilities representing borrowings
for investment purposes).
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Four Wood Capital Partners LLCStephanie Trell, 212-701-4500
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