SIE Exam Question 548: Answer and Explanation

Question: 548

All but which of the following are characteristics of a REIT?

• A. It is a publicly traded open-end investment company.
• B. A mortgage REIT is a specific type of REIT.
• C. A REIT can sell at a premium or discount to its NAV.
• D. All of the above are correct.

Correct Answer: A

Explanation:

REITs are publicly traded closed-end investment companies that can sell at a premium or discount to its NAV. A mortgage REIT is a specific type of REIT.