Those keeping tabs on the the goings-on in the closed-end fund world would find Tuesday's Wall Street Journal Fund Track column of interest. In it, Daisy Maxey writes about two regulatory actions -- a Treasury Department notice and an SEC decision -- that pave the way for investment management firms to a create a new form of security that could be bought by money-market funds and used to rescue holders of auction-rate preferred shares that have been unable to sell their shares.  

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