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CEFNetwork is brought to you by Pristine Advisers LLC. As a means of connecting closed-end funds to the investment community â this portal is designed as both an educational tool as well as a marketing tool for our clients. Pristine Advisers has been working with closed end funds for over two decades. We have relationships with the key players in the industry (analysts, brokers, media, shareholders) and believe to date, there has been a gap in the bridge connecting closed end funds to these key players. It is our goal to bring these paths together as well as educate the investment community on the benefits of closed end funds. Closed-end funds are often confused with, and mistakenly called, mutual funds. A major difference is that closed-end funds behave more like a stock -- the market value is driven by supply and demand for the shares. On the other hand, an open-end mutual fund continually issues new shares to investors and does not trade on an exchange. Perhaps the best way to understand a closed-end fund is to compare it with an open-end mutual fund. A diversified portfolio of stocks, bonds, or a combination of the two Professionally managed by an investment advisor Either actively or passively managed Required to distribute capital gains and dividends to shareholders Regulated by the U.S. Securities and Exchange Commission Closed end funds are: Are traded on a stock exchange (NSYE) or over-the-counter (NASDAQ) Are bought and sold at market price versus the underlying securitiesÃ¢â¬â¢ value Are valued based on supply and demand for the fund Can be purchased and sold throughout the trading day Use leverage (borrow cash to invest in more assets) to enhance their returns CEO Investor Entrepreneur Marketer Company Enterprise http://www.cefnetwork.com teamfollowback ifollowback autofollowback followback follow back