May 25, 1995
TO: CLOSED-END MEMBERS - ONE PER COMPLEX No. 1-95
CLOSED-END FUND COMMITTEE No. 24-95
CLOSED-END FUND MEMBERS No. 18-95
SALES FORCE MARKETING COMMITTEE No. 26-95
BROKER/DEALER ASSOCIATE MEMBERS No. 11-95
RE: UPDATED CLOSED-END FUND BROCHURE
______________________________________________________________________________
The enclosed, updated Institute brochure, A Close Look at Closed-end Funds, may assist you in educating
current and prospective investors. The brochure has been cleared for use as generic sales material by the
National Association of Securities Dealers, Inc. In addition, we will provide with your order an enclosure
detailing specific NASD instructions for using the brochure as sales literature.
Please call Mike Budzinski in our Public Information & Marketing (PI&M) Department if you have any
questions or comments about the brochure; additional copies may be purchased by using the order form
in the enclosed catalog.
Sue Duncan
Assistant Vice President
Director of Publishing