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Simpson Thacher represented the underwriters, led by Wells Fargo Securities, LLC, UBS Investment Bank and Raymond James & Associates, Inc., in connection with the initial public offering of Federated Enhanced Treasury Income Fund. The offering raised $203.6 million, assuming full exercise of the underwriters' option to purchase additional shares. 

The Fund is a diversified closed-end management investment company which trades on the New York Stock Exchange under the symbol “FTT”. The Fund’s investment objectives are to provide current income, with total return as a secondary objective. The Fund’s investment adviser is Federated Investment Management Company.  Dix Hills Partners, LLC acts as sub-adviser to the Fund.   

The Simpson Thacher team for the transaction included Sarah Cogan, Celine Hwang, Rafael Vasquez and Alek Janiszewski (Capital Markets); Jonathan Cantor and Rian Balfour (Tax); Jennie Getsin (Blue Sky and FINRA); and Joyce Xu and Yu Wang (Derivatives). Paralegals Natalie Kone and Christina Vazquez Mauricio provided valuable assistance.