Investors in Closed-End Funds Who Wish to Liquidate Their Positions

question 2

Multiple Choice

Investors in closed-end funds who wish to liquidate their positions must

• A) sell their shares through a broker.
• B) sell their shares to the issuer at a discount to net asset value.
• C) sell their shares to the issuer at a premium to net asset value.
• D) sell their shares to the issuer for net asset value.
• E) hold their shares to maturity.

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Definitions:

NAFTA

The North American Free Trade Agreement, an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.

Trade Barriers

Restrictions imposed by a government on international trade, often to protect domestic industries from foreign competition.

Foreign Sovereign Immunities Act

U.S. legislation that sets the limitations as to whether a foreign sovereign nation (and its political subdivisions, agencies, or instrumentalities) may be sued in U.S. courts.

U.S. Citizens

Individuals who are legally recognized as members of the United States, either by birth or naturalization, with specific rights and obligations.