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open-end investment company

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson 0.08 sec.
open-end investment company: see mutual fund mutual 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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authorized the filing the Fund's registration statement on Form N-1A with the SEC to begin the review process to officially register the Fund as an open-end investment company (a mutual fund).
BOSTON -- Putnam Investments announced today that the agenda for the next annual meeting of shareholders of Putnam Investment Grade Municipal Trust (NYSE: PGM) will include a vote on whether to convert the closed-end fund to an open-end investment company.
BOSTON -- Putnam Investments announced today that the agenda for the next annual meeting of shareholders of Putnam Managed Municipal Income Trust (NYSE: PMM) will include a vote on whether to convert the closed-end fund to an open-end investment company.
 
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