[13403]
April 11, 2001
TO: CLOSED-END INVESTMENT COMPANY COMMITTEE No. 7-01
RE: FINAL DRAFT OF CLOSED-END FUND ISSUES PAPER
In response to suggestions from several members of the Closed-End Investment
Company Committee, the Institute has prepared a draft paper examining issues relating to
closed-end funds. In particular, the draft issues paper examines the structural characteristics
and history of closed-end funds; closed-end funds’ regulatory framework; and issues unique to
closed-end funds, including the discount and premium, use of leverage, rights offerings, and
shareholder proposals. Attached for your review is the final draft of the issues paper. The final
draft reflects comments received from members of a drafting subcommittee previously formed
from members of the Committee.1
Please provide your comments on the final draft by April 26. If you have any questions,
I can be reached by phone at (202) 371-5408, by fax at (202) 326-5839, or by e-mail at
aburstein@ici.org.
Ari Burstein
Associate Counsel
Attachment
Attachment (in .pdf format)
1 See Memorandum to Closed-End Investment Company Committee No. 18-00, dated June 8, 2000.