When the funds is redeemed in a large scale, the liquidity risk of open-end funds will take place, which leads to a vicious circle between the funds redemption and the stock price decline.

一旦投资者预期发生变化，基金的大面积赎回可能导致开放式基金的流动性风险，并引发“基金赎回—股价下跌—赎回放大—股价进一步下跌”的恶性循环，从而影响金融稳定。

youdao

The earnings per share figure was up just 13% when excluding the impact of a preferred stock redemption, while earnings from continuing operations were 33 cents per share, a 43% pickup from a year ago.

FORBES: GE's Immelt Says Economy Still 'Uncertain' As Earnings Hit Street Target

The SuperTrust structure had share creation and redemption characteristics of an open-end fund and the trading flexibility of a stock.

FORBES: ETFs Turn 20-Years Old in the U.S.

Meet with an attorney who focuses in small business law, estate planning attorney and tax attorney in advance to discuss the tax implications of agreements such as a Buy-Sell Agreement, Shareholder Agreement, or a Stock Redemption Agreement which are commonly used in business succession planning and may be necessary to execute your succession plan.

FORBES: Identifying a Successor for Your Family-Owned Business