Income investment company


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Income investment company

A management company focused on managing a mutual fund whose primary purpose is income generation, typically investing in bonds and high dividend yielding stocks.

Income Fund

A portfolio or mutual fund in which the primary goal is the provision of income to shareholders from the securities represented in the fund. That is, the investor or shareholder makes money from the dividends and coupons from the securities in fund, not from higher bond or share prices. This involves investing in securities with lower risk than other portfolios. For example, an income fund will more likely invest in a blue chip with a reliable, but not exciting, outlook instead of a promising start-up. An income fund is most popular with those nearing or in retirement who prefer steady investment income rather than the possibility of becoming rich. See also: Growth fund, Growth and income fund.
References in periodicals archive ?
First Australia Prime Income Investment Company Limited, a closed-end investment company trading on The Toronto Stock Exchange, announced the Company's cumulative total return from inception to May 31, 1998 was 321.
First Australia Prime Income Investment Company Limited, a closed-end investment company trading on The Toronto Stock Exchange, announced today it will pay a monthly dividend of CAN 8 cents per share (equivalent to approximately US 5.
First Australia Prime Income Investment Company Limited, a closed-end investment company trading on The Toronto Stock Exchange (TSE-FAP), announced the Company's cumulative total return from inception to March 31, 1998 was 335.
First Australia Prime Income Investment Company Limited, a closed-end investment company trading on The Toronto Stock Exchange(TSE-FAP), announced today it will pay a monthly dividend of CAN 8 cents per share (equivalent to approximately US 5.
First Australia Prime Income Investment Company Limited, a closed-end investment company trading on The Toronto Stock Exchange (TSE:FAP), announced the Company's cumulative total return from inception to September 30, 1997 was 304.
The First Australia Prime Income Investment Company Limited Ordinary Share Purchase Warrants (the "Warrants") will expire at 4:00 P.
First Australia Prime Income Investment Company Limited, a closed-end investment company trading on The Toronto Stock Exchange (TSE - FAP), announced today it would pay a monthly dividend of CAN 9 cents per share (equivalent to approximately US 6.
First Australia Prime Income Investment Company Limited, a closed-end investment company trading on The Toronto Stock Exchange (TSE - FAP), announced the Company's cumulative total return from inception to August 31, 1997 was 358.
First Australia Prime Income Investment Company Limited, a closed-end investment company trading on The Toronto Stock Exchange (TSE - FAP), today announced a change in its regular monthly dividend which will be reduced to CAN 8 cents per share from CAN 9 cents per share.