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.

What types of stock do closed-end funds issue?

April 26, 2017closed-end funds ISSUE stock types

0

Posted

What types of stock do closed-end funds issue?

1 Answer

0

Posted

All closed-end funds issue common stock. In addition, closed-end funds are permitted to issue one class of preferred stock under Section 18 of the Investment Company Act of 1940. Preferred stock differs from common stock in that preferred shareholders are paid dividends and have priority to income and assets of the fund on liquidation but do not share in the gains and losses of the fund.