23.09.2016, 17:54
Fitch Rates MRPS Issued by Center Coast MLP & Infrastructure Fund 'A'
OREANDA-NEWS. Fitch Ratings has assigned an 'A' rating to the following new issue of mandatory redeemable preferred shares (MRPS) issued by Center Coast MLP & Infrastructure Fund (NYSE: CEN), a non-diversified closed-end fund managed by Center Coast Capital Advisors, LP.
--$50,000,000 of Series A MRPS.
The MRP Shares will pay quarterly cash dividends at a rate of 4.29% per annum. The MRP Shares have a term redemption date of Sept. 26, 2026.
--$50,000,000 of Series A MRPS.
The MRP Shares will pay quarterly cash dividends at a rate of 4.29% per annum. The MRP Shares have a term redemption date of Sept. 26, 2026.
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