Fund Proxy Intel: Trends in Closed-End Fund Activism: Resetting the Baseline in 2022-2023

Morrow Sodali Fund Solutions presents the latest iteration of Fund Proxy Intel.

Since the last time Morrow Sodali Fund Solutions (MSFS) published an overview of quantitative trends in closed-end fund (CEF) activism in early 2022, the market has continued to evolve. Both the number and type of activist challenges have changed over the last two years. 

Our in-depth analysis focuses on quantitative changes over the past two years but also acknowledges additional qualitative shifts in the CEF market that challenge operating models and constrain managers and boards.