691u

No registered closed-end company shall sell any securities of which it is the issuer at a price below the current net asset value of such stock computed on the basis of the current net asset value, except:(a) In connection with an offering to the holders of its voting securities.(b) With the consent of a majority of its [sic] voting securities.(c) Upon conversion of a convertible preferred stock in accordance with its terms.(d) Under such other circumstances as the Commissioner may permit by regulations or orders for the protection of investors. History —July 30, 2013, No. 93, § 24, eff. 120 days after July 30, 2013.