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6 Cards in this Set

  • Front
  • Back
Closed End

Fixed number of shares
Everything Else

Unlimited number of shares
Closed End

Price depends on Supply and Demand
Everything Else

Price in prospectus (NAV)
Closed End

CAN issue senior securities
Everything Else

CANNOT issue senior securities
Close End

NON redeemable
Everything Else

Must be redeemable
Closed End

Prospectus only as IPO
Everything Else

Always needs a prospectus
Closed End

After IPO, sold on exchange or OTC as secondary issues
Everything Else

Always newly issued