For Financial Professional Use Only
JVB Financial acts as a co-manager/underwriter of new issue closed-end funds, offering you and your firm access to these issues across multiple lead underwriters with full participation in, and immediate access to, the selling concession. To learn more about participating in this product, contact your JVB representative or Guy Gregoire at (646) 863-0922 or firstname.lastname@example.org.
This material is for financial professional use only.
Penalty Bid Disclosure:
Closed End Funds are offered pursuant to a penalty bid tracking period. If you sell a security purchased in the primary market during the penalty bid period you will be subject to the surrender of the full selling concession. Unless otherwise noted, the penalty bid tracking period is 45 days.
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund’s investment return and principal value will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective.