This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:First Asset Diversified closes $12.6-million offering 2009-06-11 17:11 ET - News Release Mr. Rob MacNiven reports FIRST ASSET DIVERSIFIED CONVERTIBLE DEBENTURE FUND ANNOUNCES COMPLETION OF RIGHTS OFFERING First Asset Diversified Convertible Debenture Fund has completed the offering of rights pursuant to the rights offering circular dated April 21, 2009. The offering was oversubscribed and accordingly the maximum of 1,117,668 units were issued for gross proceeds of approximately $12.6-million. The fund will use the net proceeds of the offering to acquire additional investments in accordance with the fund's investment policies and restrictions, and for working capital purposes to finance the operating expenses of the fund.
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