The Fund announced today that it reached an agreement with institutional investors relating to a private placement of $50 million of senior unsecured notes (“Notes”) and $15 million of mandatory redeemable preferred shares (“MRP Shares”). The private placement is expected to close on or about July 30, 2026. The Notes are expected to fund at closing, and the MRP Shares are expected to fund on a delayed basis on October 30, 2026.
The Company intends to use the net proceeds from the private placement to refinance existing leverage and for general corporate purposes. As of 2026-07-15, the Fund’s leverage was 20.3% and MLP Funds Group leverage was 21.5%.

