Closed-end Fund means a registered investment company that raises capital only periodically, by issuing a fixed number of shares. The shares of the closed-end fund are typically traded on an exchange and their prices fluctuate throughout the trading day, based on supply, demand, and the changing values of their underlying holdings. Closed-end funds are also known as Listed Investment Companies in Australia, and Investment Trusts in the U.K. Closed-end funds do not include funds typically known as “Exchange-Traded Funds” (“ETFs”) organized as open-end investment companies or unit investment trusts.
Closed-end Fund means any fund with a fixed number of shares and which does not issue and redeem shares on a continuous basis. While Closed-End Funds are often listed and trade on stock exchanges, they are not “Exchange traded funds” as defined below in the Covered Securities definition.
Closed-end Fund means an arrangement referred to in paragraph (a) or (b) of the definition of “collective investment scheme” under which units that are issued are exclusively or primarily non-redeemable at the election of the holders of units, but does not include —
Examples of Closed-end Fund in a sentence
Each Closed-End Fund Listed on Exhibit A Hereto By: /s/ LXXXX XXXXX Name: Lxxxx Xxxxx Title: Vice President Advisors Disciplined Trust on behalf of each of its existing and future series By: Advisors Asset Management, Inc., on behalf of Acquiring Funds /s/ AXXX XXXXXXXX Name: Axxx Xxxxxxxx Title: Senior Vice President Exhibit A Acquired Funds Closed End Fund Name Ticker Aberdeen Emerging Markets Equity Income Fund, Inc.
More Definitions of Closed-end Fund
Closed-end Fund means an Investment Company or a Closed End Scheme;
Closed-end Fund or “CEF” means a “non-redeemable investment fund” within the meaning of the
Closed-end Fund or “CEF” means a “non-redeemable investment fund” within the meaning of the applicable Securities Act.
Closed-end Fund means a company, unit trust or partnership where the holder of an equity interest does not have the option to redeem his equity interest or require the fund to repurchase his equity interest;
Closed-end Fund means an arrangement or a scheme, other than a collective investment scheme, constituted in such legal form as may be approved by the Commission and whose object is to invest funds, collected from subscribers during an offering made under Part V of this Act or from sophisticated investors, in a portfolio of securities, or in other financial or non-financial assets, or real property, as may be approved by the Commission;
Closed-end Fund means a closed end scheme as defined in the NBFC Regulations.
Closed-end Fund or “Closed-end Investment” means a portfolio of pooled assets that raises a fixed amount of capital through an initial public offering (IPO) and then lists shares for trade on a stock exchange. Like a mutual fund, a closed-end fund has a professional manager overseeing the portfolio and actively buying and selling holding assets. An exchange-traded fund trades like equity, as its price fluctuates throughout the trading day.