Closed-end management company

Closed-end management company

An investment company that has only a set number of shares of the mutual fund that it manages, and does not create new shares if demand increases. Antithesis of an open-end management company.
References in periodicals archive ?
ARDC is a closed-end management company that seeks to provide total return, primarily through current income and secondarily through capital appreciation.
("ARDC") is a closed-end management company that is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management, L.P.
A non-diversified, closed-end management company, the fund's investment objective is total return and it seeks to produce both long-term capital appreciation and current income through investment in common stocks and income producing securities.
30 October 2013 -- Los Angeles-based alternative asset manager Ares Management LLC has announced the successful initial public offering of Ares Multi-Strategy Credit Fund Inc a closed-end management company that is externally managed by a wholly-owned subsidiary of Ares Management LLC.
A non-diversified, closed-end management company, the fund's investment objective is total return and it also seeks to produce both long-term capital appreciation and current income through investment in common stocks and income producing securities.
18 March 2013 -- New York-based closed-end management company The China Fund Inc (NYSE: CHN) said that its board of directors last week voted to discontinue the operation of the fund's discount management programme.
A closed-end management company, the fund seeks total return through a combination of dividends, income and capital appreciation.
A non-diversified, closed-end management company, the fund's investment objective is total return and long-term capital appreciation and current income through investment in common stocks and income producing securities.
A closed-end management company, ARDC is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management LP.
A closed-end management company, Ares Dynamic Credit Allocation Fund seeks to provide an attractive level of total return primarily through current income and also through capital appreciation.
A non-diversified, closed-end management company, the fund's investment objective is total return and to produce both long-term capital appreciation and current income through investment in common stocks and income producing securities.
A non-diversified, closed-end management company, Boulder Growth & Income Fund aims at total return investment with a portfolio of diversified investments and may invest a portion of its assets in foreign securities.