open-end fund


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Related to open-end fund: Closed end fund, Open Ended Mutual Fund

Open-end fund

Used in the context of general equities. Mutual fund that continually creates new shares on demand. Mutual fund shareholders buy the funds at net asset value and may redeem them at any time at the prevailing market prices. Antithesis of closed-end fund.

Open-End Mutual Fund

A mutual fund in which the number of shares may be increased or decreased depending on the amount of money invested in the company. This means that the fund's capitalization is not fixed and changes upon the demand of shareholders. In other words, an open-end mutual fund issues new stock when people invest in it and buys back old shares when investors want to be rid of them. The latter is referred to as redeeming one's share of the mutual fund. The value of each share is the net portfolio value divided by the number of shares. In the United Kingdom, this investment vehicle is usually called an open-end investment company.

open-end fund

An investment fund that does not have a finite life, continually accepts new investor capital,and makes new property investments.

References in periodicals archive ?
Certain statements made in this press release, such as those related to the conversion to an open-end fund, are forward-looking statements.
With a big portfolio, whether you call it a REIT or an open-end fund or whatever you call it, there's no beginning middle and end.
The Open-End Fund would seek to provide current income with an emphasis on income exempt from federal income tax, while also considering capital appreciation.
Certain statements made in this press release, such as those related to the recommended conversion to an open-end fund, and the opportunity for enhanced liquidity and shareholder value, are forward-looking statements.
Although shares of the Open-End Fund will be issued on the Closing Date, the processing and availability of those shares may vary by financial intermediary.
The Trustees have approved in principle a plan to merge Putnam Tax-Free Health Care Fund (NYSE: PMH) into Putnam Tax Exempt Income Fund, an open-end fund also managed by Putnam Investments.
The merger recommended by the Board would give shareholders shares of an open-end fund with a value equal to the full net asset value of their shares, with the opportunity to realize the full net asset value of their shares shortly after the merger.
The fund has ceased purchasing its Common Shares as a result of the Board's determination to reorganize the fund as an open-end fund.
At a special stockholder meeting held on March 14, 2006, at the principal executive offices of the Fund, the proposals brought before the stockholders, which included proposals to approve (i) the conversion of the Fund to an open-end fund, (ii) a 12b-1 distribution and shareholder servicing plan for the Fund, and (iii) the amendment and restatement of the Fund's investment advisory agreement, received sufficient votes to be approved by the stockholders.
with assets of $46,903,410 as of November 2, 2001, announced today the following schedule for its conversion from a closed-end fund to an open-end fund (the "Conversion").
Accordingly, the Board of Directors is not required to propose that the Fund convert to an open-end fund.