The fund seeks to provide high current income as a primary objective and capital
appreciation as a secondary objective.
Not exact matches
At that point its investment
objective becomes the pursuit of «capital
appreciation and current income» (income used to be «
secondary») and Liane Rosenberg gets added
as a second manager joining Cindy Starke.
As a
secondary objective, FAV seeks to provide capital
appreciation.
These funds will aim to provide long - term capital
appreciation with capital preservation
as a
secondary objective.
This market discount may be due in part to the investment
objective of long - term
appreciation, which is sought by many closed - end funds,
as well
as to the fact that the shares of closed - end funds are not redeemable by the holder upon demand to the issuer at the next determined net asset value but rather are subject to the principles of supply and demand in the
secondary market.