RMR Asia Real Estate Fund, Newton, Mass., has announced the pricing of an initial public offering of 4.75 million shares at $20 per share.The fund is a closed-end investment management company whose investment objective is capital appreciation, the company said. The book runner for the offering was RBC Capital Markets. The underwriters have been granted an option to buy up to 712,500 additional shares to cover any overallotments. The company can be found online at http://www.rmrfunds.com.

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