Thornburg Income Builder Opportunities Trust Raises $667M in IPO

With direction from Faegre Drinker, Thornburg Investment Management, a global investment firm that oversees $49 billion in assets, announced completion of the $667 million initial public offering of the Thornburg Income Builder Opportunities Trust. The common shares of the closed-end fund began trading July 28, 2021 on the Nasdaq under the symbol TBLD. TBLD seeks to provide high current income and additional total return by investing in a broad range of income-producing securities. This was only the sixth closed-end-fund IPO in 2021 and the first new advisor IPO in over ten years.