Summary
Because closed-end funds (CEFs) are both traded in public and issued in a limited number of shares, their prices represent a comparable public proxy for a minority interest in a fully marketable security. In this webinar, appraiser Ray Bratcher and closed-end fund expert Tom Roseen discuss how the wealth of data available for CEFs can be put to use in determining a sound and defensible market-based discount for lack of control.
Using Closed-End Funds to Derive Discounts for Lack of Control
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