41.   The publicity surrounding the Bramwell situation definitely caused some investors to redeem shares earlier this year, Ward said.

42.   The spreads between the share prices and the net asset values have narrowed the last six months on investor anticipation that shares would be redeemed at full value.

43.   This gives all shareholders peace of mind, he said, and helps those who redeem shares in volatile times.

44.   Unlike regular mutual funds, which expand and contract as customers buy and sell, closed-end funds do not redeem shares.

45.   Unlike open-end funds, which issue and redeem shares at net asset value, closed-end funds offer a fixed number shares that trade on stock markets.

46.   Unlike stocks, mutual funds are taxed annually, regardless of whether investors redeem shares.

47.   When investors redeem shares, fund companies must have cash on hand to reimburse them.

48.   When you sell or redeem shares, DRIPs require instructions in writing.

49.   You compare that amount to what you get when you redeem shares to see if you have a profit or a loss.

50.   Alcon will use the proceeds to redeem preferred shares owned by Nestle and, if the underwriters buy extra shares, to repay short-term debt.