How A Fund Dies

December 01, 2010

Steps in the liquidation of a mutual fund include a board resolution, shareholder approval in some cases, liquidation of assets, payout to shareholders, and de-registration under the 1940 Act. Special steps for certain funds are suspension of trading, de-listing, and suspension of 1934 Act reporting. The authors give an overview of the process for open-end, closed-end, and exchange-traded funds.

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