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Wells Fargo Advantage Closed-End Funds Declare Monthly and Quarterly Dividends; Wells Fargo Advantage Income Opportunities Fund Reduces Dividend Rate SAN FRANCISCO--(BUSINESS WIRE)-- The Wells ...
Wells Fargo Advantage Closed-End Funds Declare Monthly and Quarterly Dividends SAN FRANCISCO--(BUSINESS WIRE)-- The Wells Fargo Advantage Income Opportunities Fund (NYSE MKT: EAD), the Wells Fargo ...
CORRECTING and REPLACING Wells Fargo Advantage Closed-End Funds Declare Monthly Dividends SAN FRANCISCO--(BUSINESS WIRE)-- The Ex-dividend date listed three times in the release dated September 27 ...
Closed-end funds are traded on exchanges, and in that respect they are like exchange-traded funds (ETFs), but there are important differences between these two kinds of security. The price of a closed-end fund's shares is completely determined by investor demand, and this price often diverges substantially from the NAV of the fund assets.
Early U.S. funds were generally closed-end funds with a fixed number of shares that often traded at prices above the portfolio net asset value. [13] The first open-end mutual fund with redeemable shares was established on March 21, 1924, as the Massachusetts Investors Trust, which is still in existence today and managed by MFS Investment ...
The following is a limited list of mutual-fund families in the United States.A family of mutual funds is a group of funds that are marketed under one or more brand names, usually having the same distributor (the company which handles selling and redeeming shares of the fund in transactions with investors), and investment advisor (which is usually a corporate cousin of the distributor).
An alternative investment. As the bull market rolls along and yields from fixed-income investments disappoint, investors seeking cash flow have few options. Closed-end funds, or CEFs, are similar ...
On October 28, 2008, Wells Fargo received $25 billion of funds via the Emergency Economic Stabilization Act in the form of a preferred stock purchase by the United States Department of the Treasury. [64] [65] As a result of requirements of the government stress tests, the company raised $8.6 billion in capital in May 2009. [66]
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