Disclosures Head Off Injunction, Heat Up Merger Battle In Delaware (Law360)

Covered by Law360

Morris Kandinov LLP represents investors in the Fiduciary/Claymore Energy Infrastructure Fund (FMO) in connection with the fund’s losses during an early 2020 liquidity crisis and a subsequent proposal to merge with the Kayne Anderson Energy Infrastructure Fund Inc (KYN). As a result of the litigation, the fund disclosed to investors significant new information regarding the background, terms, and effect of the merger as well as potential alternatives to the merger, which reflects on the value of the proposed deal. A shareholder vote is scheduled for February 4, 2022.

By MoKa