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Closed-End Fund IPO Considerations

22 PIABA B.J. 283 (2015)

12 Pages Posted: 12 Apr 2016  

Benjamin P. Edwards

University of Nevada, William S. Boyd School of Law

Date Written: December 15, 2015

Abstract

While closed-end funds (CEFs) have a long history, relatively recent research in economics and finance has provided new insights about these funds. This essay explains the unique structure of CEFs and argues that absent a compelling reason, investors should generally avoid purchasing CEF shares in an initial public offering.

Keywords: closed-end funds, IPOs, mutual funds

Suggested Citation

Edwards, Benjamin P., Closed-End Fund IPO Considerations (December 15, 2015). 22 PIABA B.J. 283 (2015). Available at SSRN: https://ssrn.com/abstract=2762334

Benjamin Edwards (Contact Author)

University of Nevada, William S. Boyd School of Law ( email )

4505 South Maryland Parkway
Box 451003
Las Vegas, NV 89154
United States

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