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Year Merger closed Acquirer Acquired firm Name of merged entity 1931 Harriman Brothers & Company: Brown Bros. & Co. Brown Brothers Harriman & Co. 1938 Charles D. Barney & Co. Edward B. Smith & Co. Smith Barney & Co. 1940 Merrill Lynch: E. A. Pierce & Co. Merrill Lynch: 1940 Merrill Lynch: Cassatt & Co. Merrill Lynch: 1942 Paine, Webber & Co ...
Closed-end funds have been around since 1893. So how do the granddaddies of the investment fund world stack up beside the somewhat new kid on the block -- the exchange-traded fund? "The fact that ...
In the United States, closed-end funds sold publicly must be registered under both the Securities Act of 1933 and the Investment Company Act of 1940. [8] U.S.-based closed-end funds are referred to under the law as closed-end companies and form one of three SEC-recognized types of investment companies along with mutual funds and unit investment ...
Nike Securities was later rebranded to First Trust, the brand name under which its UIT products were sold. [4] [5] In December 2006, First Trust launched the First Trust Value Line Dividend Index on the American Stock Exchange which was the first closed-end fund to convert to an ETF. [8]
Not so with closed-end funds. Following an initial public offering for a set number of shares, shares will never be issued again. The only way for an investor to buy or sell a CEF is by trading ...
With so many different investments to choose from, it can be hard to know all of them. But with some little-known investments like closed-end funds, the opportunity comes from most people's ...
With its huge dividend yield, Frontier Communications has inspired income investors to take a closer look at the rural telecom company. But with the stock having performed badly over the long run ...
The company was formed by Verizon in 2009 to facilitate the planned sale of some local subsidiaries to Frontier, which was completed on July 1, 2010. The company was set up to allow for a Reverse Morris Trust merger, allowing Verizon to spin off the company to Frontier tax-free. Its primary purpose was to transfer Frontier ILEC Holdings as well ...