ARTICLE · 03 APRIL 2020

Considerations For Registered Closed-End Funds And Their Advisers

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As closed-end funds and their advisers respond to the significant challenges arising from the COVID-19 virus, Ropes & Gray attorneys have responded to a number ...

United StatesCoronavirus (COVID-19)

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As closed-end funds and their advisers respond to the significant challenges arising from the COVID-19 virus, Ropes & Gray attorneys have responded to a number of common questions and concerns from our clients. This Alert summarizes various ideas and reminders that our attorneys have distilled from these discussions.

Initial Considerations. The recent market dislocations underlie a variety of issues that may require immediate attention or otherwise warrant timely consideration.

Pay particular attention to activist buying given that many closed-end funds may be trading at a significant discount to NAV.
For closed-end funds that do not publish a daily NAV, consider whether the last-disclosed NAV and related information may need to be updated.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Considerations For Registered Closed-End Funds And Their Advisers

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