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Royalty Income Trust |
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Royalty Income Trust A unit investment trust in which the trustee buys the rights to income from a natural resource, such as oil or real estate, and distributes the profit to beneficiaries. A company, such as an oil company, may sell the right to income from an oil well to a royalty income trust because it usually pays more than other ways of raising capital. Likewise, an investor may be interested in buying into such a trust because yields are often higher than stocks or bonds. For example, an oil company may sell oil wells to a royalty income trust instead of issuing stock or a bond in order to raise capital to increase its capacity for pumping oil out of the ground. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | The company's investment objective is to seek a high level of total return with an emphasis on dividend income paid to stockholders by investing primarily in a diversified portfolio of master limited partnership (MLP) and royalty income trust (RIT) securities. The Company's investment objective is to seek a high level of total return with an emphasis on dividend income paid to stockholders by investing primarily in a diversified portfolio of master limited partnership (MLP) and royalty income trust (RIT) securities. Serenpet previously announced, on February 22, 1996, that it is proceeding with the establishment of a royalty income trust for the purpose of maximizing asset value of its mature properties. |
Royalty Income Trust |
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