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Closed-end Funds

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