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6 Cards in this Set
- Front
- Back
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Closed End
Fixed number of shares |
Everything Else
Unlimited number of shares |
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|
Closed End
Price depends on Supply and Demand |
Everything Else
Price in prospectus (NAV) |
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|
Closed End
CAN issue senior securities |
Everything Else
CANNOT issue senior securities |
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Close End
NON redeemable |
Everything Else
Must be redeemable |
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|
Closed End
Prospectus only as IPO |
Everything Else
Always needs a prospectus |
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|
Closed End
After IPO, sold on exchange or OTC as secondary issues |
Everything Else
Always newly issued |
