Closed-End Fund definition

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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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 —

Closed-End Fund means an Investment Company or a Closed End Scheme;

Examples of Closed-End Fund in a sentence

• OF OPEN-END FUNDS AND CONTINUOUSLY OFFERED CLOSED-END FUNDS The following provisions relate to the offer and sale of Shares of (i) each Open-End Fund, and (ii) any Closed-End Fund that offers its Shares during an offering period that continues indefinitely (a "Continuously Offered Closed-End Fund").

• Any representation as to a tender offer by a Continuously Offered Closed-End Fund, other than as set forth in the Continuously Offered Closed-End Fund's Prospectus, is expressly prohibited.

• Dealer further agrees that, in the event any purchase order for shares of a Continuously Offered Closed-End Fund is canceled after confirmation by VKFI, such Shares may not be repurchased, remarketed or otherwise disposed of by or through VKFI.

• By: Name: Title: By: Name: Title: [Name of Closed-End Fund] and As set forth in Section 1 of this Agreement, the direct provision of the following services shall be deemed to be outside the scope of this Agreement.

• New York Drop Office Any Closed-End Fund transactions delivered by New York based broker/dealer to the sub-custodian's New York Drop office are forwarded overnight to SISC and processed on the date of receipt.

More Definitions of Closed-End Fund

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 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;

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 any Borrower designated as such on Schedule 1 annexed hereto, which designation shall be concurred in by the Agents.