Interval Fund

Interval Fund

A mutual fund with shares that may be sold or redeemed on certain, stated dates. That is, an interval fund combines features of an open end mutual fund with a closed end mutual fund.
References in periodicals archive ?
About Vertical Capital Income Fund Vertical Capital Income Fund is a closed-end, continuously offered interval fund that primarily invests in residential whole mortgage loans and residential whole loans secured by deeds of trust.
Chin is also a portfolio manager of Pioneer ILS Interval Fund, which invests predominantly in insurance-linked securities.
The fund is a closed-end interval fund that invests in debt securities and provides limited liquidity on a quarterly basis.
The Versus Capital Multi-Manager Real Estate Income Fund (VCMRX & VCMIX) (the Fund), a continuously offered, closed-end interval fund, paid a quarterly distribution on its common stock on October 12, 2012, to shareholders of record at the close of business on October 10th, 2012.
SharesPost Investment Management has launched a new product, '100 Fund', a closed-end interval fund designed to target a diversified assortment of companies, the BBR has reported.
Joachim Wagner, was elected to serve for a term of three years and until his respective successor is elected and qualifies, and the non-binding stockholder proposal asking the Board of Directors to take the steps necessary to adopt an interval fund structure whereby the Fund would conduct periodic tender offers at least semiannually for at least 10% of currently outstanding common stock at a price of at least 98% of net asset value was also approved.
2] Interval Fund: An interval fund is a type of investment company that periodically offers to repurchase its shares from shareholders.
In April 2002, stockholders of the Fund voted to adopt an interval fund structure, pursuant to which the Fund conducts periodic repurchase offers for between 5% and 25% of the Fund's outstanding common stock.
The fund is structured as an interval fund which requires it to offer its stockholders the opportunity to tender shares for repurchase by the fund at Net Asset Value (NAV) once annually.
MSGI is registered as a continuously offered '40 Act closed-end interval fund featuring an annualized 6% managed distribution policy, paid monthly, and quarterly redemptions of up to 5% of shares outstanding.
In April 2003, stockholders of the Fund voted to adopt an interval fund structure, pursuant to which the Fund conducts semi-annual repurchase offers for between 5% and 25% of the Fund's outstanding common stock.
The fund is an interval fund and offers its stockholders the opportunity to tender shares once annually, which the fund will repurchase at net asset value (NAV).