22 PIABA B.J. 283 (2015)
12 Pages Posted: 12 Apr 2016
Date Written: December 15, 2015
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: 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