1.reits funds are closed for 20-99 years, which means that the closed period of reits funds is 20 years at the shortest and 99 years at the longest. As we all know, closed-end funds cannot be redeemed during the closed period, but reits funds can be sold during the closed period. Otherwise, if you hold a reits fund and wait until 90 years later to sell it, the holder doesn't know where it is.

2. After the 2.reits fund is subscribed, the holder can wait until it goes public. It will be listed in about two or three weeks, and it can be sold like a stock after listing. During the closed period, funds can be sold in the secondary market through brokers. Holders can find buyers who are willing to buy the fund in the secondary market. After the two sides negotiate the price, they can transfer their closed-end funds to others.

3. If you want to buy reits fund shares after the subscription period, you can only buy them through the secondary market. Fund shares subscribed by using OTC fund accounts shall be transferred to on-site securities institutions before they can participate in on-site transactions. It should be noted that reits funds cannot be redeemed according to their net value, because the net value of funds is based on the evaluation results of financial models, so the transaction price in the secondary market may be discounted compared with the net value.

1, the closed period of reits refers to a period of time after the fund successfully raised enough funds to declare the fund contract effective, and investors do not accept the application for fund share redemption. On the one hand, the closure period is set to facilitate the fund backstage (registration center) to make the best preparation for future subscription and redemption;

2. On the other hand, fund managers can complete preliminary investment arrangements according to the situation of the securities market. According to the Measures for the Administration of the Operation of Securities Investment Funds, the closed period of the funds shall not exceed 3 months.

Related extension of fund closure period: fund raising period

3. After the fund raising period is over, the fund will be closed. During the closed period of the Fund, investors cannot purchase and redeem the Fund. In the later period of fund closure, the fund subscription is generally opened first, and the investment cannot be realized immediately. The fund closure period is generally not more than three months.

4. After the fund closed period, investors can buy and sell the fund normally, that is, the duration of the fund. At this time, the fund subscription is called the fund subscription, and the fund price is different from the fund subscription, which is calculated according to the closing price of the day. The duration of closed-end funds is at least 5 years, generally 10- 15 years. Closed-end funds can be extended after expiration. As long as the fund holders recognize the operation of the fund, the duration of the open-end fund can last for a long time.