My understanding is that they are pretty much the same. The record date would be the date by which the shares must be held to get the rights entitlement, and the closing date would be that end date, after which there would be no more transactions by the registry and where you would not be entitled to take up any rights.
I do stand to be corrected, but there is not much difference that I am aware.
Ann: Daily NAV, page-15
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