The shareholders of the $540 million (FVD ) have come up with an unusual solution to the closed-end fund's persistent tendency to trade at a discount to its net asset value: It's being reorganized into an exchange-traded fund.Value Line Dividend ceased trading on the American Stock Exchange on Friday. The fund's assets will be transferred to, and its liabilities assigned to, the newly created First Trust Exchange Traded Fund, which starts trading Monday under the same ticker symbol as its predecessor.
Closed-End Fund Is Reopening as an ETF
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