Van Kampen Fund Completes IPO

Skadden, Arps represented the Van Kampen Dynamic Credit Opportunities Fund in its $1.4 billion initial public offering, which closed June 28. Listed on the New York Stock Exchange and Chicago Stock Exchange, this closed-end fund invests primarily in loan and debt instruments of issuers that operate in a variety of industries and geographic regions located throughout the world. The underwriters have the option to exercise an over-allotment option, which could increase the number of shares outstanding by as much as 15 percent.