Closed-end Fund (Noun)
Meaning
A regulated investment company that issues a fixed number of shares which are listed on a stock market.
Classification
Nouns denoting groupings of people or objects.
Examples
- A closed-end fund is a type of investment company that is registered with the SEC and is required to meet certain regulatory requirements.
- The closed-end fund was listed on the New York Stock Exchange and traded under the ticker symbol "CEF".
- Investors can buy and sell shares of a closed-end fund on a stock exchange, just like they would with individual stocks.
- The closed-end fund's net asset value per share is calculated daily, but the market price of the shares may fluctuate based on supply and demand.
- Unlike open-end mutual funds, closed-end funds do not continuously issue new shares or redeem existing shares at the investor's request.