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Closed-end investment company

A Fund with a fixed number of shares outstanding, and one which does not Redeem shares the way a typical mutual Fund does. Closed-end investment companies behave more like stock than open-end funds: closed-end investment companies issue a fixed number of shares to the Public in an Initial Public Offering, after which time shares in the Fund are bought and sold on a stock Exchange, and they are not obligated to issue new shares or redeem Outstanding shares as open-end funds are. The price of a Share in a Closed-end investment company is determined entirely by market Demand, so shares can either Trade below their net Asset value ("at a discount") or above it ("at a premium"). also called Closed-end fund or Publicly-traded fund.

Related Terms: 32 Asset, Call, CLO, Closed-end fund, Closed-end investment company, Close, Demand, Exchange, Fund, Heir, Initial Public Offering, Investment company, Low, Mutual fund, Market, Net, Net Asset Value, Offer, Offering, Outstanding, Open-end fund, Open, Public offering, Publicly-traded fund, Public, Redeem, Ring, Share, Stock exchange, Sue, Term, Trade
Other Related Pages: Category: Mutual_Funds Starting With: C
Semi Related Terms: 1014 CLICK HERE TO VIEW
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