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It also gives them permanent capital.
Santa Fe was established as the permanent capital in 1610.
Mr Ackman has raised a pile of "permanent capital".
The state's permanent capital was established at Raleigh in 1794.
Stockholm has been the permanent capital since 1523.
"We had a plan for a permanent capital solution.
Mr Falcone has admitted his "asset-liability mismatch" and wants to raise more "permanent capital" instead.
The hedge fund suddenly has hundreds of millions in permanent capital that can't be withdrawn.
He said he was "looking at permanent capital so we can focus on control".
It was made the permanent capital of the United Arab Emirates in the early 1990s.
Nara, the country's first permanent capital, was modeled on the Chinese T'ang dynasty (618 907) capital, Ch'ang-an.
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