closed-end investment company

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Related to closed-end investment company: Closed End Mutual Funds

closed-end investment company:

see mutual fundmutual fund,
in finance, investment company or trust that has a very fluid capital stock. It is unique in that at any time it can sell or redeem any of its outstanding shares at net asset value (i.e.
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The transaction, which is expected to be voted upon at a special meeting of shareholders following requisite regulatory approvals, would represent the first spin-off of a closed-end investment company by the Gabelli Dividend & Income Trust and the fourth spin-off of a closed-end investment company by a Gabelli fund.