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Income Shares

   Also found in: Wikipedia 0.07 sec.
income shares
One of the two types of stock issued by a dual purpose fund in which the owner is entitled to all the income earned by the portfolio plus the return of the stock's par value (if sufficient funds remain) at the time the fund dissolves. These shares appeal mainly to investors seeking high current income since the chance for capital gain is negligible. Compare capital shares.

Income Shares
In a dual purpose fund, the shares that are entitled to a portion of a firm's ordinary income. Dual purpose funds issue two types of shares: income shares and capital shares, which are entitled to appreciation on the firm's investments. A dual purpose fund has the advantage of allowing shareholders to choose which shares in which to invest (according to their investment goals) without the difficulty of changing investment vehicles.


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DALLAS -- The Board of Directors of Prospect Street Income Shares, Inc.
NEW YORK -- The Board of Trustees of BlackRock High Income Shares (NYSE: HIS) (formerly CIGNA High Income Shares) announced the monthly dividend dates and distribution rate for the fund.
NEW YORK -- The Board of Trustees of BlackRock High Income Shares (NYSE: HIS) (formerly CIGNA High Income Shares) announced the monthly dividend dates and distribution rate for the fund.
 
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