Discounts and Termination of Close-end Funds

• Main Author: CHEN, Chen
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: close-end fund; open-ending; termination; close-ending; discount; dividend; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/etd_coll/235; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1235&context=etd_coll
• Institution: Singapore Management University

Based on an extensive sample of U.S. closed end funds undergoing termination, this study offers a comprehensive analysis of closed end fund exiting behaviors. There are four ways for a fund to exit: merger into other closed-end fund, liquidation, conversion to open-end mutual fund and merger into op...