A running log of legal and regulatory developments in the world of closed end funds packaged with unsolicited and (sometimes) insightful pro-investor commentary.

Aaron Morris submitted a written comment to the Securities & Exchange Commission in connection with an ill-conceived proposal to exempt closed-end funds from the annual shareholder meeting requirement.

Morris Kandinov LLP obtains final approval of settlement arising from closed-end fund collapse.

The Court of Appeals has confirmed that the use of a control share bylaw by a Massachusetts trust violates the Investment Company Act of 1940.

After being sued, the board of trustees of the First Trust closed-end funds announced that they have “determined to rescind the control share provisions.”

The Delaware Chancery Court rejected an interlocutory appeal of the Court’s prior ruling denying defendants’ motion to dismiss, permitting discovery to proceed in the case.

The court denies defendants’ motion to dismiss claims arising from a closed-end fund’s collapse and subsequent unfair merger.

Special Opportunities Fund, Inc. has announced a standstill with Delaware Enhanced Global Dividend and Income Fund, which will provide, among other things, a tender offer to purchase up to 30% of common shares contingent on approval of a proposed reorganization.

Morris Kandinov LLP is representing Bulldog Investors in connection with an amicus curiae brief in a case involving the voting rights of investors in closed-end funds.

The board and investment manager for two related energy investment funds are responsible for causing and subsequently covering up $1 billion in losses.