InvestmentTrends in Infrastructure Investing Today
These closed-end funds do not trade on exchanges but allow shareholders to buy shares at regular intervals and make periodic offers to repurchase shares at their net asset value (NAV).
This semi-liquid structure is designed to encourage long-term investing by allowing investment managers to allocate to less liquid instruments, such as loans, structured products and illiquid private debt.
Interval funds have the following features and potential benefits:
NAV priced daily but not listed on an exchange
Investors may sell shares back to the fund at NAV periodically
Regular regulatory filings provide details on portfolio holdings
Simplified tax reporting
Shareholder distributions reported annually on Form 1099