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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 46062H100
- Market Cap
- Micro Cap · $3 Million
- IPO
- 10/27/1999 · $10.00/share
- Previous Symbol
- FXX (changed 10/24/2008)
- Previous Name
- Internet Growth Fund, Inc.
Fund Description: Foxby Corp. (formerly, Internet Growth Fund, Inc.) is a non-diversified, closed-end fund. As a non-diversified, closed end fund seeking total return, the Fund uses a flexible strategy in the selection of securities, and is not limited by the issuer’s location, industry, or market capitalization. The Fund may invest in equity and fixed income securities of both new and seasoned U.S. and foreign issuers, including securities convertible into common stock and debt securities, and closed end funds. The amount the Fund may invest in any one closed end fund is limited to 3% of the closed end fund’s total outstanding stock. The Fund also may own shares of open end funds (mutual funds) as a result of a restructuring of a closed end fund, or for short term liquidity. The Fund may employ aggressive and speculative investment techniques, such as selling securities short, employing futures and options, derivatives, and borrowing money for investment purposes, an approach known as “leveraging,” and may invest defensively in high grade money market instruments. A benefit of its closed end structure, the Fund may invest without limit in illiquid investments such as private placements and private companies, which may have more attractive terms because of the lack of liquidity. The Funds investment adviser is CEF Advisers.
Notes: October 24, 2008 -- Foxby Corp. today announced that the withdrawal of the Fund’s listing of its common stock from the American Stock Exchange became effective today. The Fund expects that delisting will allow management to focus its resources on pursuing the Fund’s investment objectives and position the Fund to enhance long term stockholder value. The Fund will continue to maintain its investment company registration and update its stockholders with financial information as required. Although the Fund’s common stock no longer will be quoted on the AMEX and the Fund can provide no assurance that trading in the stock will continue, the common stock will be quoted on the OTC Bulletin Board under symbol FXBY and on the Pink OTC Markets Inc. (“Pink Sheets”) under symbol FXBY.PK to the extent market makers commit to make a market in the Fund’s shares.
Company Contact
- Headquarters
- 11 Hanover Square, New York, NY 10005
- Phone
- 212-344-6310 · Toll-Free 800-278-4353
- Fax
- 212-363-1101
- Investor Relations
- 212-344-6310 · info@FoxbyCorp.com