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I have been investing in closed end muni bond funds since 1964.

There have been very few posts on the pros and cons of closed end vs open end funds.

In view of the lower trading rates of online brokers, one of the big disadvantages of closed end funds has been minimized.

The following sites offer some insights to the pros and cons, and differences to closed end vs open end.

http://www.icefi.com/icefi/tutorial/maj_diff.htm
http://www.closed-endfunds.com/

I would welcome some discussion on the topic of closed end vs open end.

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