An analysis of closed-end funds discounts viewed from a lack of redemption perspective
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DOI: 10.1007/s11156-017-0634-0
Abstract: We examine the behavior of discounts for an extensive sample of U.S. closed-end funds (CEF) undergoing open-ending. Share prices increase and discounts reduce at the time of announcement. The 2-day abnormal return is approximately one… read more here.
Keywords: end funds; open ending; discount; announcement ... See more keywords