dual purpose fund

Dual Purpose Fund

A closed-end fund that offers two types of shares: income shares and capital shares. Income shares offer holders a portion of the fixed return on the fund's portfolio, and attract low-risk investors. Capital shares do not offer a portion on the fixed return, but instead offer holders a portion of the returns on stocks or similar investments, attracting medium- or high-risk investors. An advantage to the dual purpose fund is that it offers shareholders a choice as to which type of investment they would like to make.

dual purpose fund

A special-purpose, unusual type of closed-end investment company offering two classes of stock in approximately equal amounts. One class, called income shares, is entitled to all the portfolio's income, while the second, called capital shares, is entitled to appreciation in investments in the firm's portfolio. At the time a dual purpose fund is established, a date is set on which the fund will be liquidated. At that time, income shareholders receive preference up to the par value of their shares and capital shareholders receive any excess. Also called dual fund, leveraged investment company.

单词	dual purpose fund
释义	dual purpose fund Dual Purpose Fund A closed-end fund that offers two types of shares: income shares and capital shares. Income shares offer holders a portion of the fixed return on the fund's portfolio, and attract low-risk investors. Capital shares do not offer a portion on the fixed return, but instead offer holders a portion of the returns on stocks or similar investments, attracting medium- or high-risk investors. An advantage to the dual purpose fund is that it offers shareholders a choice as to which type of investment they would like to make. dual purpose fund A special-purpose, unusual type of closed-end investment company offering two classes of stock in approximately equal amounts. One class, called income shares, is entitled to all the portfolio's income, while the second, called capital shares, is entitled to appreciation in investments in the firm's portfolio. At the time a dual purpose fund is established, a date is set on which the fund will be liquidated. At that time, income shareholders receive preference up to the par value of their shares and capital shareholders receive any excess. Also called dual fund, leveraged investment company.
随便看	aamds aa&mdsif aame aamed aamee aa! megami sama! aames aamet aamf aamfa aamfc aamft aamg aamga aamgc aamgl aamh aamha aamho aamhrs aami aamia aami (association for the advancement of medical instrumentation) benchmarking solution aamib aamic