The Governor's Opportunity Fund, known as the deal-closing fund, is helping local governments by matching their incentives offered to businesses.
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The closing fund prices started being disseminated to media outlets at 6 : 11 p . m . Eastern time yesterday, the Nasdaq spokesman said.
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But would-be investors should take heart : There are often ways to slither into such closed funds, even as companies tighten the loopholes.
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Also note that BH is, as I understand it, a closed fund-they are not looking to raise any more money from offerings.
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GM recorded a gain of $ 253 million, or 34 cents, in the year-ago quarter for the reduction in its plant closing fund.
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The Governor also armed the ACA with a $ 25 million deal closing fund to help attract employers and replaced incentive programs with performance based tax credits.
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And, thanks to rising interest rates and year-end selling for tax purposes, discounts in the 535 closed funds are as common as Christmas trees.
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Investors who really want into the closed fund, however, will find that an older fund, Seligman Henderson Global Technology, is a more likely substitute.
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Most of the closing funds are those that invest in shares of smaller sized companies, which is one of the hottest areas of the financial markets this year.
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The closed funds, which raise money for specific projects, have an easier time finding investable property than the open funds, which put cash to work as it flows in.
