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How can Investment Trust Companies raise equity capital?

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asked Sep 14 in BUS 4027W - Actuarial Risk Management by anonymous

Investment Trust Companies (ITCs) are closed-ended funds and are closed to new money after the initial tranche is invested. I understand how the company could raise loan capital but I don't understand how they can raise equity capital. Surely by raising equity capital they would be accepting new money to be invested and it would then not be closed-ended? Or does their ability to raise equity capital only pertain to the first equity offering when the ITC is set up and the first tranche is being raised?

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