Sidley Austin LLP

Frank P. Bruno

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Practice Areas

Frank Bruno has worked on a wide range of corporate and securities transactions, including equity and debt offerings by industrial, utility, financial institution, investment company and real estate investment trust issuers.

Frank has extensive experience in matters related to the Investment Company Act of 1940 and has worked on a variety of transactions of and offerings by open- and closed-end investment companies as both fund and underwriters’ counsel, including initial public offerings, rights offerings, preferred stock offerings, debt offerings, asset acquisitions and mergers. He has extensive knowledge concerning the registration and exemptive provisions of the Investment Company Act of 1940 and the Investment Advisers Act of 1940. Frank also acts as counsel on an ongoing basis to the independent directors of a number of investment companies.

Representative clients include BlackRock Funds, Royce Funds, Cohen & Steers Funds and Nuveen Funds.

Frank represented the Nuveen Funds in developing and offering a new variable rate preferred equity security designed to replace outstanding auction rate securities.

Professional Memberships

Frank is a member of the American Bar Association and the Association of the Bar of the City of New York, where he was a former member of the Committee on Investment Management Regulation.