The share that taps into high yields from North America, at a 13pc
... This “discount” – the gap between the share price and the higher value of the underlying assets –
has been widening over the past five years. Indeed for much of 2012 the shares were so much
more popular that they traded at a “premium”, or above asset value.
“This discount won’t last for ever,” Mr Hu ...
... respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.
The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment
recommendations Reliance should not be placed on the views ...
Income Trusts: Is There a Bubble?
... generally provide unit holders with
frequent and relatively stable
distributions of operating cash flows
from their underlying business. The
underlying assets of an income trust are
normally mature businesses with low-tomoderate growth with a predictable
stream of free cash flow.
With average yields ...
MESSAGE TO INVESTORS Year 2003 in Review The year 2003
... foreseeable future. We continue to be very positive
on the energy sector and consider Canada to be
well positioned in both the oil and natural gas
markets as global supply declines. In particular, we
remain bullish on long-term natural gas commodity
prices. The income trust sector will continue to
Get Outta Here! Getting Capital Gains Out of Trusts
... generally limits the income “pass-through” to the beneficiary of an irrevocable trust to the
current year’s income, and does not include net long-term capital gains. The reason gains are
excluded is because they are considered to be related to the rise and fall of the value of the
underlying asset, ...
... Its worldwide reputation means that
it carries out a lot of private treatment,
often on children sent from abroad
and paid for by their own governments
because they lack similar services
at home. If Great Ormond Street had
applied for foundation trust status, it
would have had to turn away some of
MacroMarkets Announces Collaboration with WisdomTree To
... short term United States Treasury Bills, overnight repurchase agreements secured by
Treasury securities and cash. In addition to addressing issuer and counterparty credit
risk concerns that continue to mount in connection with certain other exchange-traded
products, this collateral is also anticipat ...
Are Income Trusts Fixed Income Or Equity?
... chains, luxury hotels, mattress manufacturers and fertilizer
producers. The Yellow Pages Income Fund is considered to
be the largest issuance of income trust units ever made in
Canada with a 1-billion dollar initial public offering in
Text UP - Bessemer Trust
... the creation of trusts with no artificial time limits (sometimes called “dynasty trusts”). The assets in such a
Delaware trust may remain free of estate, gift, and generation-skipping transfer taxes for an indefinite time period.
There is a 110-year limit for trusts that directly own real
estate int ...
... evenings and bank holidays and attend fundraising
and other events across all sites.
Fully understands their role in the context of
safeguarding children, young people and vulnerable
Ability to form and maintain appropriate
relationships and personal boundaries with children,
young people and ...
private wealth and charitable planning seminar
... trust assets is the trustee who is governed by a duty of impartiality to all beneficiaries. Often the
trustee would invest trust assets with 50% allocated in bonds, and 50% allocated in equities.27
This, more often than not, would result in both the income beneficiary and remainderman being
annex - Financial Ombudsman
... “Chris Fishwick, at Aberdeen Asset Management, says ‘I predict the sector (which contains about Pounds 5.8
billion of assets) will double in size in the next three years.’ But critics question whether the growth of the sector
is being inflated artificially – and if private investors really understan ...
These materials have been published with permission from the
... can give rise to a myriad of issues, among them that more than one state
may claim the person as a domiciliary to tax the estate. Adding to the
complexity are the varying definitions some states have.
ii. While many people feel that they have moved out of a particular state,
their “moving” might not ...
A Comparison of the Leading Trust Jurisdictions
... for over a century. Given that Nevada’s efforts to attract trust business only began in 1999, time will tell
whether these efforts will continue. In an ominous
sign, it has been reported that Nevada soon will consider enacting a margin or income tax to help alleviate the state’s serious ﬁnancial cri ...
LLC`s, LLP`s, DST`s, LP`s: Why And How Are Alternative Entities
... The parties will want to address many of the management issues, including replacement of
managers, meetings of members and actions by members without a meeting. All can be addressed in the
agreement and the Act provides great flexibility to the parties.
Fiduciary Duties of Members and Managers
The A ...
An income trust is an investment that may hold equities, debt instruments, royalty interests or real properties. The trust can receive interest, royalty or lease payments from an operating entity carrying on a business, as well as dividends and a return of capital.The main attraction of income trusts (in addition to certain tax preferences for some investors) is their stated goal of paying out consistent cash flows for investors, which is especially attractive when cash yields on bonds are low. They are especially useful for financial requirements of institutional investors such as pension funds. Many investors are attracted by the fact that income trusts are not allowed to make forays into unrelated businesses: if a trust is in the oil and gas business it cannot buy casinos or motion picture studios.The names income trust and income fund are sometimes used interchangeably, even though most trusts have a narrower scope than funds. Income trusts are most commonly seen in Canada. The closest analogue in the United States to the business and royalty trusts would be the master limited partnership.