This guide will provide you with an overview of investing in a closed-end fund. We will discuss the basics of closed-end funds, the advantages and disadvantages of investing in them, and the steps you need to take to get started. We will also provide you with some tips and strategies
From Wikipedia
A closed-end fund (CEF), also known as a closed-end mutual fund, is an investment vehicle fund that raises capital by issuing a fixed number of shares at its inception, and then invests that capital in financial assets such as stocks and bonds. After inception it is closed to new capital, although fund managers sometimes employ leverage. Investors can buy and sell the existing shares in secondary markets.