Destra Insights

Closed-End Funds differ from Open-End Funds in many ways. One key difference is through pricing mechanics and terminology, such as Premium/Discount and Z-Scores.

An interval fund is a fund structure that is being rediscovered by both asset managers and investors. It is technically classified as a “closed-end” fund under the Investment Company Act of 1940 (“‘40 Act”) and while it may take in new investments daily, it only allows redemptions or buy backs at specified intervals, most commonly 5% each quarter.

The team at Flaherty & Crumrine Incorporated recently provided comments surrounding the 2016 presidential election and how it's outcome will impact the Preferred Securities marketplace.