Both Closed-End and Open-Ended Funds Sell Shares to Investors on an On-Going

question 80

True/False

Both closed-end and open-ended funds sell shares to investors on an on-going basis.

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Definitions:

Quarterly Dividends

Dividends paid to shareholders by a corporation four times a year, usually at the end of each financial quarter.

Current Dividend Amount

is the total sum of money paid to shareholders in the most recent dividend distribution, based on the number of shares they own.

Trading Range

The difference between the highest and the lowest prices at which a security trades over a certain period of time.

Repurchase Range

The price range within which a company intends to buy back its own shares from the market, often to reduce the overall share count and increase shareholder value.