ProductsPregunta 31 de 110
An open-end investment company may issue:
a.Both common shares and multiple classes of preferred shares
b.Only one class of voting common stock, with different sales charge arrangements permitted
c.Common stock and long-term bonds, but no preferred stock
d.Any capital structure approved by a majority of the board
Explicación
An open-end fund is limited to a single class of voting stock, though it may offer that stock through different sales charge structures such as Class A, B, and C shares. Senior securities such as preferred stock and bonds may be issued by closed-end funds, not open-end funds. The board cannot vote to override this statutory capital structure limit.
Referencia Legal: Investment Company Act of 1940Practica las 110 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- Assets supporting a variable annuity's investment performance are held in:
- Which feature distinguishes a unit investment trust from a management company?
- Shares of a closed-end investment company differ from open-end fund shares because closed-end shares:
- A 529 college savings plan interest is classified for regulatory purposes as:
- A grandparent withdraws $8,000 from a 529 plan and uses all of it for the beneficiary's college tuition. The federal tax treatment of the earnings portion is:
- Which statement about control of a 529 plan account is accurate?
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con FINRA Series 6 — Investment Company & Variable Contracts Rep · Cómo revisamos