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Closed-end Funds
Many Closed-End Bond Funds Trading at Premium
November 05, 2012
According to the Wall Street Journal, approximately 300 closed-end bond funds are trading at a premium (selling for more than their net asset value). This figure represents about half of all closed-end funds of this type. The article states that these funds are becoming more… read more
Closed-end Anti-takeover Device Invalidated by SEC
February 23, 2011
A recent SEC Staff position has the effect of invalidating a key provision used by some closed-end funds as a defensive measure against hostile takeover tactics. The decision of the SEC staff in Boulder Total Return Fund, Inc. states that the Maryland Control Share… read more
PWC Survey on Lead Directors
May 18, 2010
PricewaterhouseCoopers LLP issued a report last month addressing the current and future role of lead corporate directors, focusing on the most important elements of their service now and in the future. The results of the survey of lead directors from 16 sectors with revenue ranging… read more