David Schachter - Buying Closed-End Funds at a Discount

June 16, 2016 - 2:38 minutes



Disclosures to be spoken and embedded at the end of the video.

The video is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted. Investors should carefully consider a Closed-end Fund's investment objective, risks, charges and expenses before investing. Investment return and principal value of an investment in the Fund will fluctuate; therefore, you may have a gain or loss when you sell your shares.

Closed-end funds involve risk for investors and are traded on the secondary market through a stock exchange. The closed-end fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of Closed-end Funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. Discounts can widen or contract.

The market price for a Closed-end Fund is based on supply and demand which fluctuates daily based on many factors, such as economic conditions and global events, investor sentiment, and security specific factors. There is no assurance that a Fund will achieve its investment objective and you can lose money by investing in a Closed-end Fund.

Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell shares, they may be worth less than what you paid for them.

For more information, a prospectus, or summary prospectus visit our website at: www.gabelli.com
or call: 800-GABELLI

800-422-3554 914-921-5100 Fax: 914-921-5118 info@gabelli.com