Ways to Address Discounts: Gimmicks or Fundamental Solutions?
David C. Mahaffey participated in a panel discussion, "Ways to Address Discounts: Gimmicks or Fundamental Solutions?" at the Investment Company Institute's 2015 Closed-End Fund Conference. The panel discussed the causes of discounts, explored the different methods of addressing discounts, and assessed whether they provide meaningful and long-lasting benefits to the closed-end fund market or whether they are short-term trends. The panelists also discussed innovations to bring new initial public offerings (IPOs) to market and efforts to provide shareholder support after the IPO, and also reviewed whether and how closed-end funds are using their structural advantages.