Closed-end Fund definition

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

• No Covered Person shall acquire Beneficial Ownership of securities of any Closed-end Fund advised by BAC except with the prior written approval of Compliance.

• No Covered Person shall engage in a Personal Securities Transaction that involves the purchase of shares of any Closed-end Fund advised by BAC except with the prior written approval of Compliance.

• Notwithstanding the restrictions in Part II B.7., no Covered Persons or Covered Person’s Affiliate shall acquire Beneficial Ownership of securities of any Closed-end Fund advised by subsidiaries controlled by BAC without the prior written approval of the CCO.

• Closed-end Fund and Separate Account EvaluationLimited partnership interests in private Closed-end Funds and investments in private markets Separate Accounts (i.e., Private Equity, Real Estate, infrastructure, etc.) will be reviewed by Staff and Consultant annually.

• To the extent that significant concerns about a Closed-end Fund or Separate Account or material events arise in the interim, the Staff or Consultant shall communicate their concerns to the Investment Committee/Board and recommend available options, including exit strategies.

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 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.

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 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;