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<br /> Closed-End Funds:<br /> Easily Explained<br /> A fresh idea worth picking<br /> 2014<br /> <br /> Contents<br /> Introduction 05<br /> • Third annual survey of closed-end advisors<br /> A potential solution 06<br /> • Ten reasons to use closed-end funds<br /> Structural characteristics of closed-end funds 07<br /> • The closed structure<br /> • Remaining fully invested<br /> • Professionally managed and diversified<br /> • Undistributed income has benefits too<br /> • Intelligent borrowing<br /> • Discounted purchases<br /> • Suitability<br /> • Potential for lower expenses<br /> • Exchange-traded liquidity<br /> • Income potential<br /> • Closed-end funds and emerging markets<br /> • Performance results<br /> Looking closely for potential income 10<br /> Glossary of terms <a title="CEF Easily Explained page 1" href="http://viewer.zmags.com/publication/f98fbb38?page=1"> Closed-End Funds: Easily Explained A fresh idea </a> <a title="CEF Easily Explained page 2" href="http://viewer.zmags.com/publication/f98fbb38?page=2"> </a> <a title="CEF Easily Explained page 3" href="http://viewer.zmags.com/publication/f98fbb38?page=3"> Contents Introduction </a> <a title="CEF Easily Explained page 4" href="http://viewer.zmags.com/publication/f98fbb38?page=4"> 04 of 16</a> <a title="CEF Easily Explained page 5" href="http://viewer.zmags.com/publication/f98fbb38?page=5"> Introduction In light of slowing growth prospect</a> <a title="CEF Easily Explained page 6" href="http://viewer.zmags.com/publication/f98fbb38?page=6"> A potential solution Ten reasons to use closed-e</a> <a title="CEF Easily Explained page 7" href="http://viewer.zmags.com/publication/f98fbb38?page=7"> Structural characteristics of closed-end funds 1</a> <a title="CEF Easily Explained page 8" href="http://viewer.zmags.com/publication/f98fbb38?page=8"> STRUCTURAL CHARACTERISTICS OF CLOSED-END FUNDS (C</a> <a title="CEF Easily Explained page 9" href="http://viewer.zmags.com/publication/f98fbb38?page=9"> STRUCTURAL CHARACTERISTICS OF CLOSED-END FUNDS (C</a> <a title="CEF Easily Explained page 10" href="http://viewer.zmags.com/publication/f98fbb38?page=10"> Looking closely for potential income The financi</a> <a title="CEF Easily Explained page 11" href="http://viewer.zmags.com/publication/f98fbb38?page=11"> 4 Source: U.S. Census Bureau, February 7, 2012 5 </a> <a title="CEF Easily Explained page 12" href="http://viewer.zmags.com/publication/f98fbb38?page=12"> Glossary of terms Closed-end funds: a type of i</a> <a title="CEF Easily Explained page 13" href="http://viewer.zmags.com/publication/f98fbb38?page=13"> 13 of 16</a> <a title="CEF Easily Explained page 14" href="http://viewer.zmags.com/publication/f98fbb38?page=14"> Why Aberdeen Asset Management Aberdeen Asset Man</a> <a title="CEF Easily Explained page 15" href="http://viewer.zmags.com/publication/f98fbb38?page=15"> A fresh idea worth picking. Aberdeen U.S. Close</a> <a title="CEF Easily Explained page 16" href="http://viewer.zmags.com/publication/f98fbb38?page=16"> IMPORTANT INFORMATION Funds can potentially recei</a>