Quote Oggetto dell’Offerta
English translation: Shares subject to tender
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| 11:31 Feb 8, 2014 |
| Italian to English translations [PRO] Bus/Financial - Real Estate / Parere Amministratore Ind | |||||||
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|  Selected response from: James (Jim) Davis Seychelles Local time: 19:14 | ||||||
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| 5 | Shares subject to tender |
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| Discussion entries: 5 | |
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Answers
53 mins confidence: 
Shares subject to tender Explanation: From your last post: "fondo comune di investimento immobiliare di tipo chiuso" I forgot that this is a closed end investment fund in the form of an SpA. That is why the Italian used the term "quota". In the USA they use the term shares for both open end (normal mutual investment funds or unit trusts in the UK) and in the UK they use the term "units" for open-end funds and shares for closed end funds. http://www.investopedia.com/terms/c/closed-endinvestment.asp |
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