closed-end investment company


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Related to closed-end investment company: Closed End Mutual Funds

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 investment company

An investment company that issues a limited number of shares and does not redeem those that are outstanding. Closed-end investment companies are fairly rare; their shares trade on the exchanges or in the over-the-counter market. Thus, like stock of other publicly traded companies, share prices are determined by the pressures of supply and demand rather than by the value of underlying assets. Also called publicly traded fund. Compare mutual fund. See also regulated investment company.
References in periodicals archive ?
3 July 2014 -- New York-based closed-end investment company The Taiwan Fund Inc (NYSE: TWN) said it is in discussions with JF International Management Inc to serve as the fund's new investment manager to replace the fund's existing investment management arrangement with Allianz Global Investors US LLC.
Solar Senior Capital Ltd.is a closed-end investment company that has elected to be treated as a business development company under the Investment company Act of 1940.
A closed-end investment company, Source Capital seeks maximum total return from capital appreciation and investment income to the extent consistent with protection of invested capital.
28 August 2013 -- The board of Trustees of The Gabelli Dividend & Income Trust (NYSE: GDV) has approved the creation of a newly formed diversified, closed-end investment company to invest in the equities of small and mid capitalization value stocks primarily outside the US.
A non-diversified, closed-end investment company, the fund seeks long-term capital appreciation through investment in equity and equity-linked securities of Swiss companies.
28 August 2013 -- The board of Trustees of The Gabelli Dividend & Income Trust (NYSE: GDV) said it has approved the creation of a newly formed diversified, closed-end investment Company that draws upon global research to invest in the equities of SMID primarily outside the US, a segment of the market we believe provides investment opportunities.