CLOSED-END INVESTMENT COMPANY

"A closed-end investment company is a type of investment company that issues a fixed number of shares to investors through an initial public offering."

"One advantage of investing in a closed-end investment company is that it may trade at a discount to its net asset value."

"Investors can buy or sell shares of a closed-end investment company on a stock exchange at market prices."

"A closed-end investment company typically has a fixed maturity date, at which point it is liquidated and shareholders receive their proportionate share of the company's assets."

"Shareholders of a closed-end investment company have the right to vote on certain matters, such as the election of the board of directors."