Dual purpose fund - In the US, a closed end fund with a limited life and two main classes of shares. Holders of preferred shares receive all the income. Common shareholders receive all the fund"s assets at expiry after preferred shareholders have been paid their fixed redemption price. Similar to a split capital investment trust in the UK.
Dual purpose fund : in the us, a closed end fund with a limited life and two main classes of shares. holders of preferred shares receive all the income. common shareholders receive all the fund"s assets at expiry after preferred shareholders have been paid their fixed redemption price. similar to a split capital investment trust in the uk.
Dual purpose fund