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RiverNorth

CEF Basics: What is a Closed-End Fund?

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Portfolio Specialist Allen Webb talks to RiverNorth CIO Patrick Galley about the basic features and benefits of closed-end funds.

Speakers:

  • Patrick Galley
    Chief Executive Officer, Chief Investment Officer
  • Allen Webb, CFA
    Institutional Investor Relations

Financial Professional Use Only

Video recorded 2/24/2015. Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. We believe the information provided here is reliable, but do not warrant its accuracy or completeness. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for all investors. This information is provided for informational purposes only and should not be considered tax, legal, or investment advice. References to specific securities, asset classes, and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations. Opinions referenced are as of the day recorded and are subject to change due to changes in the market, economic conditions, or changes in the legal and/or regulatory environment and may not necessarily come to pass.

Past performance is not a guarantee of future results. Diversification does not ensure a profit or guarantee against loss.

Investing involves risk. Principal loss is possible.

RiverNorth® and the RN Logo are registered trademarks of RiverNorth Capital Management, LLC.

©2000-2015 RiverNorth Capital Management, LLC. All rights reserved.

Investors should consider the investment objectives, risks, charges and expenses of RiverNorth’s mutual funds (or Investment Companies) carefully before investing. To obtain a prospectus containing this and other important information, please call 888.848.7569 or visit rivernorth.com. Please read the prospectus carefully before investing.

Open-end mutual funds are distributed by ALPS Distributors Inc., FINRA Member firm. RiverNorth is not affiliated with ALPS.

NOT FDIC INSURED – NO BANK GUARANTEE – MAY LOSE VALUE

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RiverNorth partners with Variety Capital Limited to offer non-US institutional investors our CEF arbitrage strategy in a UCITS structure.

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