The SEC recommendation has been viewed as a positive for investors in CEF who were not required to receive the same information as holders of similar investments, such as open-end mutual funds and...

The SEC recommendation has been viewed as a positive for investors in CEF who were not required to receive the same information as holders of similar investments, such as open-end mutual funds and ETFs. But, while a boon for holders of the fund, the process may be costly and time-consuming, at least initially, for some managers as they gather the required information.