Higgins, Eric J.; Howton, Shawn; Howton, Shelly - In: The Financial Review 37 (2002) 4, pp. 551-561
This study examines the reaction of non-issuing, same-sector funds when a closed-end fund announces a seasoned equity offering. The non-issuing, same-sector funds have a significant, negative announcement-day abnormal return. The abnormal returns for U.S. debt funds are less negative than U.S....