Rose F. DiMartino is a partner in the Asset Management Department. She has more than 30 years of experience counseling registered investment companies and their advisers in all aspects of fund organization and operation. She focuses on both open-end and closed-end funds, advising them, their Boards and advisers on a full range of matters, including regulatory and compliance, contract approvals, disclosure issues, restructuring and financing, and acquisitions. Rose also advises clients on investment adviser registration and regulation, strategic alliances, and wrap fee programs.
Recently, she has advised a number of closed-end funds and their Boards on strategies to address the discount at which fund shares trade, including tenders, share repurchases and managed distributions. She also advises funds on liquidations, mergers, restructurings, policy changes and, for closed-end funds specifically, issuance of debt and preferred stocks, shelf registrations, at-the-market offerings and rights issues.
Chambers USA (2015) ranks Rose nationally among the leading individuals practicing in the area of Investment Funds: Registered Funds. Rose is included in the 2015 Best Lawyers in America for her work in the area of Mutual Funds Law.
BDC — Advised global bank in forming a business development company
Closed End Funds
--reverse stock split of CEF to enhance liquidity
--rights offerings for common and preferred stock of CEF
--leverage for CEF in the form of bank loans, preferred stock and tender option bonds
asset management M&A
represented global asset manager in acquiring private equity manager and hedge fund manager
represented large US adviser on sale of money manket business