Closed-end fund

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Related to Closed-End Investment Companies: Closed End Mutual Funds

Closed-end fund

An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund.

Closed-End Fund

A mutual fund that issues a fixed number of shares at its establishment, and, afterwards, neither increases nor decreases the number of shares. Like other mutual funds, a closed-end fund is actively managed, meaning that the securities underlying the fund change from time to time in accordance with the fund's investment goals. A shareholder in a closed-end fund redeems shares with the issuer as with open-end funds, but may trade shares as if they were stocks. The value of shares in a closed-end fund is determined by supply, demand, and the fund's net asset value. See also: Exchange-traded fund.

Closed-end fund.

Closed-end mutual funds are actively managed funds that raise capital only once, by issuing a fixed number of shares. Like other mutual funds, however, fund managers buy and sell individual investments in keeping with their investment objectives.

The shares are traded on an exchange and their prices fluctuate throughout the trading day, based on supply, demand, and the changing values of their underlying holdings. Most single country funds are closed-end funds.

References in periodicals archive ?
Investment advisor, Pioneer Investments on Friday announced August 2012 dividends for closed-end investment companies Pioneer Diversified High Income Trust (NYSE Amex:HNW); Pioneer Floating Rate Trust (NYSE:PHD); Pioneer High Income Trust (NYSE:PHT) that are taxable; and Pioneer Municipal High Income Advantage Trust (NYSE: MAV); and Pioneer Municipal High Income Trust (NYSE: MHI) that are tax exempt.
The boards of directors of non-diversified, closed-end investment company, the Central Europe and Russia Fund Inc (NYSE:CEE) and diversified, closed-end investment companies the European Equity Fund Inc (NYSE:EEA) and the New Germany Fund Inc (NYSE:GF) (all together, the Funds) stated on Friday that the annual stockholders' meeting for each will be held at 12:00 hours Eastern time on 27 June 2012 at 60 Wall Street, New York, New York 10005.
Investment adviser Pioneer Investments announced on Friday dividends for five closed-end investment companies, Pioneer Diversified High Income Trust (NYSE Amex:HNW); Pioneer Floating Rate Trust (NYSE:PHD); and Pioneer High Income Trust (NYSE:PHT)s which are taxable, and Pioneer Municipal High Income Advantage Trust (NYSE: MAV); and Pioneer Municipal High Income Trust (NYSE: MHI), which are tax exempt, for February 2012.