Pathway Energy Fund Sets Date for Interval Fund Restructuring Vote

Pathway Energy Infrastructure Fund Inc., a publicly registered non-traded closed-end fund, set the date for its special meeting of stockholders on October 25th at 9:00 a.m. at 10 East 40th Street, 44th Floor in New York City.

As previously reported by The DI Wire, the company is seeking approval to convert to an interval fund structure and expand its investment focus. If shareholders approve the proposed restructuring, the company will change its name to “Pathway Capital Opportunity Fund Inc.”

Pathway Energy Infrastructure Fund is seeking to expand its investment strategy beyond the energy and industrial sectors. In addition to its current strategy, the company expects to invest at least 50 percent of its total assets in the securities of infrastructure companies. These can include transportation, communication networks, water and sewage treatment, social infrastructure, metals, mining, and other infrastructure-related assets like cement, chemical, paper, and forest product companies.

Shareholders will also vote to amend the charter to allow the company to issue multiple classes of common stock. Pathway is currently authorized to issue Class I, Class R and Class RIA shares, but intends to continuously offer Class A, Class C, Class I and Class L shares.

Pathway Energy Infrastructure Fund launched in 2014 and has approximately $8 million in net assets. The company has raised approximately $8.6 million in investor equity at an average share price of $14.93. The fund is managed by Pathway Capital Opportunity Fund Management LLC, a joint venture between Prospect Capital Management and Stratera Holdings.

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