Closed-end funds may sometimes engage in a stock repurchase, in which they purchase shares on the exchange where the shares are listed.

Name: Closed-end funds may sometimes engage in a stock repurchase, in which they purchase shares on the exchange where the shares are listed.
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Closed-end funds can engage in stock repurchases, buying back their own shares on the open market, which can help manage the discount to net asset value at which their shares often trade.

Closed-End Funds May Sometimes Engage in a Stock Repurchase, in Which