Definition of A Closed-End Fund

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Closed-End Fund Definition | Investopedia More
Published: 9 years, 4 month(s) ago by Jere Royall | permalink
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A closed-end fund is a publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange. Also known as a "closed-end investment" or "closed-end mutual fund."
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For further reading: http://www.investopedia.com/terms/c/closed-endinvestment.asp ^[1]