CBX

CBX is a closed-end fund that trades on the NYSE. Closed-end funds are pooled investment vehicles that issue a fixed number of shares through an initial public offering, after which the shares trade on stock exchanges like individual stocks. CBX is managed by professional investment managers who construct and oversee a portfolio of securities in accordance with the fund's investment objectives and strategies. The fund's portfolio allocation and security selection are guided by its stated mandate as disclosed in regulatory filings and offering documents. Closed-end funds like CBX may employ leverage as part of their investment strategy to potentially amplify returns, though leverage also magnifies risk. The fund may generate income from its portfolio holdings and distribute this income to shareholders through regular dividend payments. Unlike open-end mutual funds, closed-end fund shares trade at market-determined prices that can differ from the underlying net asset value of the portfolio holdings, creating premiums or discounts. CBX operates under the Investment Company Act of 1940 and is subject to regulatory oversight by the Securities and Exchange Commission.