Can I sell my CEF shares at any time?
Yes, since CEF shares are traded on the stock exchange, you can buy or sell shares at any time during trading hours at the current market price.
Related Articles
What is a CEF (Closed End Fund)?
A Closed-End Fund (CEF) is a type of investment fund with a fixed number of shares that are traded on the stock exchange, similar to a stock. CEFs raise a certain amount of capital through an initial public offering (IPO) and then invest that capital ...
Why do you take orders in dollars instead of shares?
We take orders in dollars because the final price of the offering is not determined until the offering is effective. Your allocation will be in shares. Regardless of the final price, you will not be allocated more shares than the total dollar amount ...
What are the benefits of a CEF?
Leverage sophisticated investment strategies normally reserved for institutional investors, now accessible to retail CEFs offer regular income distributions, ideal for income-focused investors Enhance returns through leverage Higher potential income ...
Can I sell my UIT units before the term ends?
Yes, UIT units can typically be sold before the trust's termination date. However, the price you receive will be based on the current market value, which can be more or less than the original purchase price.
Initial Public Offering (IPO)
When a company issues shares to the public for the first time. Known as "going public".