Stilwell Issues Debt For Company Operations

Stilwell Financial filed Securities and Exchange Commission documents Tuesday to issue a shelf offering for as much as $800 million in common and preferred stock and debt securities, according to a Reuters report.

Stilwell, the parent of mutual fund giant Janus Capital, will use proceeds to fund continued operations of its interests.

The company's shares dropped more than 4%, plummeting below its year low of $23.27.

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Money Management Executive
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