Argo Global Listed Infrastructure Limited (AGLI) Raised A$286 Million (US$220 Million) in Largest Australian Listed Investment Company (LIC) IPO in over 8 Years

Jul 01, 2015, 18:17 ET from Cohen & Steers, Inc.

NEW YORK, July 1, 2015 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS), a leading global investment manager focused on real assets, today announced that Argo Global Listed Infrastructure Limited (AGLI) (ASX: ALI) has completed a capital raising of A$286 million (US$220 million). Cohen & Steers was selected as portfolio manager of AGLI. The initial public offering (IPO) of AGLI is the largest listed investment company (LIC) IPO in Australia in over eight years.

The offer closed on Friday June 19, 2015. The AGLI shares and options issued under the offer were allocated on Monday June 29, 2015 and are expected to begin trading on the Australian Securities Exchange (ASX) on Friday July 3, 2015.

Jason Beddow, the Managing Director of AGLI, said, "The success of the offer demonstrates AGLI's unique investment proposition has resonated well with the investment community. Investors will benefit from the significant experience of award-winning global investment manager, Cohen & Steers, and the diversification benefits afforded by investing in global infrastructure securities."

Robert Steers, Chief Executive Officer of Cohen & Steers said, "We are pleased to partner with Argo in building diversified infrastructure portfolios for Australian investors. Our experienced specialist investment team and disciplined approach can help investors participate in the best opportunities in the rapidly growing listed infrastructure universe."

Cohen & Steers manages US$5.7 billion in global listed infrastructure assets—typically characterized by stable and predictable revenue or cash flow—for institutional investors and investment companies. Since launching the global listed infrastructure strategy in 2003, Cohen & Steers has become one of the world's premier investment managers in the asset class. The portfolio is managed by a specialist global investment team, with senior investment professionals in New York, London and Hong Kong.

More information is available at

Website: Symbol: NYSE: CNS

About Cohen & Steers. Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle.

This press release is not intended as an offer of or advice to purchase shares of AGLI or Cohen & Steers, Inc. Cohen & Steers Capital Management, Inc., the portfolio manager of AGLI, is exempt from the requirement to hold an Australian Financial Services License under the Corporations Act in respect of the financial services it provides to wholesale clients only in Australia.

About Argo Investments. Argo Investments Limited is a leading Australian listed investment company (ASX: ARG) which manages a diversified portfolio of Australian investments with the objective of maximizing long-term returns to its shareholders through a balance of capital and dividend growth. Established in 1946, Argo has over 75,000 shareholders and a c.A$5.0 billion portfolio invested across over 100 different equity holdings and cash.

About Argo Global Listed Infrastructure. Argo Global Listed Infrastructure Limited (ASX: ALI) has been established to invest in a portfolio of global listed infrastructure securities, with the objective of providing both long-term capital growth and dividend income for shareholders. The portfolio will invest in a diverse cross section of countries and infrastructure sub-sectors including airports, water, pipelines, railways, ports, satellites, toll roads, telecommunications towers and electricity, gas and renewable energy utilities. The portfolio will be actively managed by Cohen & Steers.

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SOURCE Cohen & Steers, Inc.