Closed-end fund (CEF) data are commonly used to derive discounts for lack of control (DLOC) for closely held holding companies invested in marketable securities. CEFs are the most comparable public proxies to investment-holding companies because both have a limited number of shares available to investors. These shares must be purchased from other investors instead of the fund itself. Business Valuation Resources now offers two sources of CEF data. Prepared by Bruce A. Johnson and James R. Park, these reports, with current and historical data, save you hours of research time. The two reports available are:
- "2019 Closed-End Fund Report: Fixed Income Securities." Use this report to compare privately held family limited partnerships (FLPs) and LLCs that hold money market funds, certificates of deposit, government bonds, municipal bonds, corporate bonds, or other fixed income investments.
- "2019 Closed-End Fund Report: Stocks and Equity Investments." Use this report to compare privately held FLPs that hold common stock, preferred stock, mutual funds, REITs, or other corporate equity investments.
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