Closed-End Funds

A closed-end fund is a type of fund whose shares are listed on a stock exchange or traded on the over-the-counter market. Once issued, a closed-end fund’s common shares typically are not purchased or redeemed directly by the fund; they are instead bought and sold on the open market. Closed-end fund boards generally are subject to the same responsibilities imposed on mutual fund boards under the Investment Company Act of 1940. In addition, closed-end funds may trade on an exchange, and, in that circumstance, would be subject to the exchange’s listing standards, including possible governance provisions.

There are currently no webinars available on this topic.

Below are links to additional resources created, published, and maintained by other organizations. They are merely a sample of additional resources for fund directors. IDC does not control, cannot guarantee, and is not responsible for their accuracy, timeliness, or continued availability. These links are provided solely as a service to fund directors and should not be construed as indicating in any way that IDC endorses either the content provided or the third-party providers of any such content.

Securities and Exchange Commission: Closed-End Fund Information