B-Share

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B-Share

A share in a mutual fund to which a fee is charged when the share is sold within a certain number of years. That is, when an investor initially buys a B-share, he/she agrees to pay a third party (usually a financial institution or broker) a certain percentage of the share's value if he/she decides to sell it within five to 10 years, depending on the specific nature of the agreement. The fee usually declines by the year until the maximum number of years is reached. A B-share is one type of load fund. See also: A-share, C-share, No-load fund.
References in periodicals archive ?
The tender offer is conditioned, among other things, upon the acquisition of a majority of Big B's outstanding common shares and the Big B poison pill shareholder rights being redeemed, invalidated or otherwise being inapplicable to the tender offer and Revco's proposed merger to acquire all outstanding Big B shares.
If A's stock is redeemed before the sale of B shares to C, B's ownership will increase from 50% to 100%.
today announced that holders of Class B shares of WIC Western International Communications Ltd.