A recent resurgence in IPOs of closed-end funds has prompted the examination of the price
performance of these securities after the offering. Significant negative cumulative index …

This study documents substantial gains accuring to shareholders of discounted closed-end
investment companies when these funds are reorganized to allow shareholders to obtain …

A sample of closed-end bond funds is examined to investigate several hypotheses
purporting to explain closed-end fund discounts. Consistent with Brickley, Manaster and …

A new method for calculating reliable discounts for lack of marketability (DLOMs) for Limited
Partner (ie, non-controlling) family limited partnership (FLP) interests, which we term the …

This study examines closed-end fund return behavior with respect to several issues. First,
closed-end fund share return and its component parts (the return on the underlying assets …

A persistência e existência dos descontos/prémios relativos aos fundos de investimento
fechados tem intrigado a comunidade financeira, quer académicos quer práticos, pois …

from any type of computer printer. Page 1 INFORMATION TO USERS This manuscript has
been reproduced from the microfilm master. UMI films the text directly from the original or copy …

The difference between the market price of shares of closed-end investment companies and
the net asset value of those shares is called the closed-end discount. A number of previous …

To date research has not resulted in a fully acceptable explanation of the discounts and
premia that exist in the prices of closed-end investment company shares. Rather than being …

The persistence and existence of discounts/premiums concerning closedend funds has
been surprising the financial community, either academics, either practitioners, since it …