IRA Investment in closed funds

I recently transferred money from a CD IRA to various American Funds
mutual fund accounts, and just received the account purchase
information in the mail. It appears that all of the funds I invested in
(upon the advice of my bank financial planner) are closed funds, and
the investment price is higher than the market price. For example,
"American Balanced Fund A" --the market value on 4/15/05 was $17.37 and
my investment share price on the same day is $18.43, apparently
referred to as the "public offer price". Is this a bad thing since the
public offer price is higher?