While this would be bad for current shareholders of the bank, a lower share price would translate into a higher dividend yield, holding all else equal. (fool.com)
It can also be a help for current shareholders with regular, taxable accounts who want to get a jump on their tax planning. (homesteadfunds.com)
The closure also appears to affect current shareholders who purchased the fund through fund supermarkets. (mutualfundobserver.com)