Predict the product and provide a stepwise curved arrow mechanism for the following reaction. 
Definitions:
Closed-End Mutual Funds
Investment funds with a fixed number of shares that are traded on stock exchanges, unlike open-end funds which do not have a fixed number of shares.
NAV
Net Asset Value, representing the per-share/unit price of a fund on a specific date or time.
Redeem Shares
The process of exchanging fund shares for cash or equivalent value, typically executed according to the terms set by the issuing company or fund.
Actively-Managed Mutual Funds
Mutual funds managed by professionals who actively select investments in an effort to outperform the market.
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