The closed end fund association cefa is the national trade association representing the closed end fund industry. A not for profit association cefa is committed to educating investors about the many benefits of these unique investment products and to providing a resource for information about its members and their offerings. While rivernorth capital management llc rivernorth believes markets are generally efficient closed end funds offer a unique structure whereby investors can purchase a diversified fund and potentially generate additional return through the change in the relationship between the closed end fund s market price and net asset value nav 2.
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