A closed-end fund stands ready to buy your shares back at all times.

Name: A closed-end fund stands ready to buy your shares back at all times.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

A closed-end fund has a fixed number of shares, and purchasers and sellers of shares must trade with each other. You cannot buy the shares directly from the fund (except at the inception of the fund) because of the limitation on shares outstanding. Furthermore, the fund does not stand ready to buy the shares back from you.

A Closed-End Fund Stands Ready to Buy Your Shares Back