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Thomas DeCapo, a securities attorney with Skadden Arps who recently appeared at the AICA's Summer Summit, joined Chuck Jaffe to discuss control shares statues that critics have said will reduce activist challenges to closed-end funds. DeCapo says that the rules will protect investors, result in more closed-end funds bring brought to market and that it won't stop real activism -- where investors are looking for real change and improvement rather than boosting a price and grabbing a quick profit -- and he described the actions as consumer-friendly and democratic for small shareholders.
By Active Investment Company Alliance4.7
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Thomas DeCapo, a securities attorney with Skadden Arps who recently appeared at the AICA's Summer Summit, joined Chuck Jaffe to discuss control shares statues that critics have said will reduce activist challenges to closed-end funds. DeCapo says that the rules will protect investors, result in more closed-end funds bring brought to market and that it won't stop real activism -- where investors are looking for real change and improvement rather than boosting a price and grabbing a quick profit -- and he described the actions as consumer-friendly and democratic for small shareholders.

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