a
management company that issues, through an IPO, a fixed number of shares, which
are not redeemable from the fund but are bought and sold on the secondary
market.
Series 26: Closed-end Management Company
Taken from our Series 26 - Investment Company Products/Variable Contract Limited Principal Exam
Definition of the term Closed-end Management Company...
Since you're reading about Series 26: Closed-end Management Company, you might also be interested in:
Please Enable Javascript
to view this content!
to view this content!