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About the Industry
The U.S. closed-end fund industry is
comprised of over 650 funds with a market
capitalization approaching $300 billion. In fact, nearly 1 in 6 stocks listed on the NYSE is a closed-end fund.
Closed-end funds are investment companies like mutual funds and
Exchange Traded Funds (ETF’s) except a fixed amount of assets is raised at inception in an initial public offering. Closed-end funds are bought and sold on exchanges and,
unlike mutual funds, do not redeem shares at net
asset value.
Thomas J. Herzfeld Advisors, Inc. provides
comprehensive research on the industry in its
monthly report, The
Investor's Guide to Closed-End Funds,
which is available by subscription. |
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| Thomas J. Herzfeld Advisors, Inc. maintains
this web site as a convenience for its clients, the stockholders of The Herzfeld Caribbean
Basin Fund, Inc. and other interested investors for information purposes only. The
information on this web site is not intended to address any individual's particular
circumstances. This web site should not be considered an offer to buy or sell
securities. While we have made every effort to provide current, accurate
information, it may, however, contain errors, and we make no representation or warranty,
express or implied, as to the timeliness, accuracy or completeness of any information when
it is received. Thomas J. Herzfeld Advisors, Inc. and its affiliates bear no
responsibility for the content of any other web site that may be linked to this web site. |
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