Matisse Capital Files Application for ETF Share Class Exemptive Relief

November 6, 2025-Matisse seeking SEC approval to run side-by-side ETF share classes in existing mutual fund offerings
Matisse Capital, an investment management firm specializing in strategies that seek to exploit price-to-NAV inefficiencies in closed-end funds (CEFs), announced today that it has filed an application with the U.S. Securities and Exchange Commission (SEC) for exemptive relief under the Investment Company Act of 1940.

Building on its long-standing research and systematic approach to discount capture and mean-reversion trading in CEFs, Matisse Capital is seeking approval to offer exchange-traded fund (ETF) share classes of its existing mutual funds. The firm currently manages two open-end mutual funds-the Matisse Discounted Closed-End Fund Strategy (MDCEX) and the Matisse Discounted Bond CEF Strategy (MDFIX)-both designed to systematically capture alpha and actively monetize discount normalization across the CEF marketplace.

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Source: Matisse Capital