SureTrader
Interactive Brokers Advertisement
Home > Boards > US OTC > Cannabis > Evergreen-Agra Inc. (EGRN)

For those less savvy investors that don't understand

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Stock Sumo Member Profile
 
Followed By 346
Posts 9,837
Boards Moderated 4
Alias Born 09/04/09
160x600 placeholder
MJAC 2017 Speaker Update - How venture capital and cryptocurrency are converging as the future of cannabis investing "InvestorsHub NewsWire" - 8/30/2017 10:29:33 PM
PotNetwork Holdings, Inc Confirmed for MJAC 2017 "InvestorsHub NewsWire" - 8/28/2017 10:43:55 AM
MJAC 2017 International Cannabis Conference - Discount Code "InvestorsHub NewsWire" - 8/25/2017 6:50:56 PM
Book your ticket now for InvestorsHubs International Cannabis Conference "InvestorsHub NewsWire" - 8/23/2017 12:50:25 PM
MJAC 2017 - Speaker Update - Investing In The U.S. Cannabis Market "InvestorsHub NewsWire" - 8/22/2017 1:27:13 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/4/2017 9:43:42 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 8/1/2017 5:12:18 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 7/31/2017 6:09:59 AM
Annual Report (10-k) "Edgar (US Regulatory)" - 7/17/2017 6:04:12 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/27/2017 9:31:08 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/7/2017 4:44:09 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/30/2017 3:39:27 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) "Edgar (US Regulatory)" - 5/15/2017 5:43:38 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/3/2017 1:16:55 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/31/2017 3:12:55 PM
Notification That Annual Report Will Be Submitted Late (nt 10-k) "Edgar (US Regulatory)" - 3/29/2017 4:39:10 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/1/2017 1:44:21 PM
Form 8-K - Current report "Edgar (US Regulatory)" - 2/28/2017 2:57:00 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 2/13/2017 12:37:06 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 2/1/2017 2:31:05 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 1/30/2017 2:48:34 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 1/24/2017 9:01:33 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 1/20/2017 7:19:19 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 1/13/2017 1:47:46 PM
Stock Sumo   Friday, 06/02/17 11:11:59 PM
Re: Stock Sumo post# 986
Post # of 1061 
For those less savvy investors that don't understand a Closed-End fund. Here's a great reference point to get more clarity!

Investopedia's definition

What is a 'Closed-End Fund'

A closed-end fund is organized as a publicly traded investment company by the Securities and Exchange Commission (SEC). Like a mutual fund, a closed-end fund is a pooled investment fund with a manager overseeing the portfolio; it raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange.
BREAKING DOWN 'Closed-End Fund'
A closed-end fund is also known as a "closed-end investment" or "closed-end mutual fund." While a closed-end fund has several unique characteristics that distinguish it from an open-end fund, such as a mutual fund or exchange-traded fund (ETF), it also shares several similarities. A closed-end fund raises a prescribed amount of capital only once through an IPO by issuing a fixed number of shares, which are purchased by investors in the closed-end fund as stock. Unlike regular stocks, closed-end fund stock represents an interest in a specialized portfolio of securities that is actively managed by an investment advisor, and typically concentrates on a specific industry, geographic market or sector. The stock price of a closed-end fund fluctuates according to market forces, such as supply and demand, as well as the changing values of the securities in the fund's holdings. One of the largest closed-end funds is the Eaton Vance Tax-Managed Global Diversified Equity Income Fund.

Other Differences and Similarities Between Closed-End and Open-End Funds

Both closed-end funds and open-end funds are run by a management team that manages a portfolio of investments. Both also charge an annual expense ratio and can make income and capital gain distributions to shareholders.

Unlike open-end funds, closed-end funds trade just like stocks. While open-end funds are priced only once at the end of the day, closed-end funds are traded and priced throughout the day. Closed-end funds also require a brokerage account to buy and sell, while an open-end fund can often be purchased directly through a fund provider.
Discount and Premium to Net Asset Value

One of the unique features of a closed-end fund is how it is priced. The net asset value (NAV) of the fund is calculated regularly. However, the price that it trades for on the exchange is determined entirely by supply and demand. This can lead to a closed-end fund trading at a premium of a discount to its NAV.

Funds can trade at premiums and discounts for a number of reasons. Closed-end funds focused on a popular sector at the time may trade at a premium. These funds may also trade at a premium if the fund is managed by a historically successful stock picker. Conversely, a lack of investor demand or a poor risk and return profile of the fund can lead to it trading at a discount to its NAV.
Featured Brokers
Trading Center


Read more: Closed-End Fund http://www.investopedia.com/terms/c/closed-endinvestment.asp#ixzz4iuBP0dJI
Follow us: Investopedia on Facebook


Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist