Americus Trust

Americus Trust

A trust containing common stock that issued two types of units representing that stock: primes and scores. Holders of primes received all dividends that were issued for the life of the trust plus, at maturity, the total value of the share up to a certain amount. Score holders received the excess of that certain amount. Americus trusts no longer exist as the result of a tax ruling in 1987 that eliminated most of their tax advantages. See also: PERC.
References in periodicals archive ?
Topping the most active list was Hillhaven, down 1/8 to 2-1/4 on 373,000 shares, followed by Americus Trust for GTE shares, up 1/2 to 10-7/8 on 297,900 shares.
Topping the most active list was Chambers Development Class A, up 1/2 to 8-1/8 on 700,200 shares, followed by Americus Trust For G.
The third most active issue, Americus Trust For Philip Morris Shares (Primes) was down 1/8 to 27-3/4 on 387,600 shares.
up 3/8 to 6-3/4 on 451,000 shares, followed by Americus Trust For AT&T Shares Series-2 (Scores), up 5/8 to 10-1/4 on 401,800 shares.