closed-end

詳細解釋：

closed-end

adj.（形容詞）
Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer:
限額式的，封閉式的：產生可以公開交易但發行人不可贖回的固定數量的股份：
例句：
a closed-end investment company.
一個封閉式的投資公司