Closed-end Fund Information Website

A closed-end fund, like a mutual fund, is a corporate entity that is normally a regulated investment company. Unlike mutual funds, the capitalization of a closed-end fund is fixed at a given level. Once the shares in the initial public offering are sold, shares are acquired and sold through stock exchanges or in the over-the-counter market. The price of shares is dictated by the market [i.e., the price is based on supply and demand rather than the net asset value (NAV) of the shares]. Closed-end funds generally trade at a premium or discount to their NAV.

CEF Connect at www.cefconnect.com offers free information to identify and evaluate closed-end funds. Sponsored by Nuveen Closed-End Funds, this website offers daily pricing information, a fund screener, a fund sorter, and an education center featuring basic and advanced information on closed-end funds. This website also offers the previously mentioned premium and discount information for closed-end funds.