Closed-End Fund
/ˈkloʊzd end fʌnd/
Definitions
- (n.) An investment company with a fixed number of shares that are traded on stock exchanges and not redeemable from the fund.
Investors bought shares in the closed-end fund hoping for high dividend yields.
Forms
- closed-end fund
- closed-end funds
Related terms
See also
Commentary
Unlike open-end funds, closed-end funds do not issue redeemable shares and trading occurs on secondary markets, impacting liquidity and pricing.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.