The effect of section 99 was that for capital gains tax purposes the unit holder had acquired shares in the unit trust.
Times, Sunday Times (2007)
Third, sustained returns to unit-holders were achieved without excessive short-term trading, which might raise the risk of bad timing and would certainly increase costs.
Times, Sunday Times (2015)
That goes for a unit trust if one of the companies it owns collapses, but at least the loss is spread among your fellow unit-holders.
Times, Sunday Times (2010)
The realisation of the investment was structured in such a way as not to give rise to any balancing charge on the unit holders.
Times, Sunday Times (2007)
If unit holders approve the transaction, the fund plans to increase monthly cash distributions by 9 per cent to 17.5 cents a unit.
Globe and Mail (2003)
To prevent a firesale, some funds have now been forced to stop unit holders redeeming their cash.
Times, Sunday Times (2008)
The rise of the 'professional fund manager' who is disinterested from returns to unit holders or shareholders is a worrying trend.