Liquidation of a mutual fund causes assets to be liquidated and funds received to the dispersed to shareholders on a first come, first served basis.

Name: Liquidation of a mutual fund causes assets to be liquidated and funds received to the dispersed to shareholders on a first come, first served basis.
Brand: Quizplus
Rating: 5.0 (42 reviews)

Question

Quizplus · Accepted Answer

When a mutual fund is liquidated, assets are sold off and the proceeds are distributed to all shareholders proportionally based on their share ownership, not on a first-come, first-served basis.

Liquidation of a Mutual Fund Causes Assets to Be Liquidated