Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
Closed-end funds are professionally managed investment companies. Closed-end funds issue a fixed number of common shares that typically are listed on a stock exchange. Once issued, closed-end fund common shares are not typically purchased or redeemed directly by the fund, but instead are bought and sold in the open market. The fund’s common shareholders own these shares.
