DCSX has approved the technical listing of 32,500 ordinary shares of class A (the “Class A Shares”) of Cobra Latam Corporate Debt Fund Ltd. (DCSX Symbol: CLDF). The mandated Listing advisor is Eclipse Management B.V.
The main investment objective of the Fund is to generate high current income through the investment in fixed income corporate debt issued by companies based in Latin American countries. The intention is to hold such debts until maturity.
Investments may be done directly or through one or more special-purpose vehicles. Investments will be held in special purpose vehicles in cases where the Investment Manager considers this to be prudent in order to manage risks and segregate investments. One or more of the Directors of the Fund will serve as directors of such special purpose vehicles.
Target portfolio positions of the Fund are securities issued by corporations based in Latin America, mainly Mexico, Colombia, Ecuador, Guatemala, Chile, and Argentina. Those instruments may be issued through private placements as well as through the securities exchange. Cobra Services Management Ltd. (The Fund Manager) will use the proceeds from the offering of the Shares to employ the strategy in which the Fund will invest.
Further details about the business will be found on our Markets page on this website under Funds Symbol CLDF, section Company Information.