Fiduciary/Claymore Energy Infrastructure Fund (NYSE:FMO) Investor Notice: Investigation over Potential Wrongdoing

view original post

San Diego, CA — (SBWIRE) — 11/19/2021 — An investigation was announced over potential breaches of fiduciary duties by certain officers and directors.

Investors who purchased shares of Fiduciary/Claymore Energy Infrastructure Fund (NYSE: FMO) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The investigation by a law firm concerns whether certain officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Chicago, IL based Fiduciary/Claymore Energy Infrastructure Fund is a closed ended equity mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC.

On September 15, 2021, Fiduciary/Claymore Energy Infrastructure Fund announced that Board of Trustees of the Fiduciary/Claymore Energy Infrastructure Fund approved a merger of Fiduciary/Claymore Energy Infrastructure Fund with and into Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN”), subject to Fiduciary/Claymore Energy Infrastructure Fund shareholder approval.

However, the investigation concerns whether the offer is unfair to NYSE: FMO stockholders. More specifically, the investigation concerns whether the Fiduciary/Claymore Energy Infrastructure Fund Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.

Those who are current investors in Fiduciary/Claymore Energy Infrastructure Fund (NYSE: FMO) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.