Assertion: closed end fund | /r/CapableOf | compensate its directors
Facets:
value: with fund shares
type: OTHER
value: directly
type: MANNER
value: by issuing fund shares
type: MANNER
Source sentences:
text: As a result, any closed-end fund that compensates its directors by issuing fund shares would generally be required to issue those shares at net asset value, even if the shares are trading at a discount to their net asset value.
text: -- Similarly, the staff would not recommend enforcement action to the Commission under section 23(a) if closed-end funds directly compensate their directors with fund shares, provided that the directors' services are assigned a fixed dollar value prior to the time that the compensation is payable.