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Term Trust
(redirected from Term Trusts)

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Term trust
A closed-end fund that has a fixed termination or maturity date.
Term Trust
A unit investment trust with a maturity date. That is, a term trust is an unmanaged portfolio of securities that an investor may buy. At the maturity date, all shares in the term trust are redeemed, and shareholders are entitled to the profits (or must suffer the losses) that the portfolio has achieved over its life. It is a type of closed-end investment company.
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NASD Regulation's complaint alleges that Dean Witter sold over $2 billion of TCW/DW Term Trusts to over 100,000 customer accounts through the use of a firm-wide internal marketing campaign that misrepresented the Trusts as safe, secure, low-risk investments.
NASD Regulation Charges Dean Witter Reynolds Inc. With Securities ... by PR Newswire
BlackRock has successfully met the primary investment objective, of returning a trust's initial offering price, on all six of its term trusts that have reached maturity.
The BlackRock Advantage Term Trust, Inc. Meets Target Price On Time; ... by Business Wire
1 /PRNewswire/ -- Piper Capital Management announced that, at the close of business today, the American Adjustable Rate Term Trusts 1996-1999 (BDJ, CDJ, DDJ, EDJ) converted into the new Piper Funds Inc.
PIPER CAPITAL MANAGEMENT ANNOUNCES CONVERSION OF AMERICAN ADJUSTABLE ... by PR Newswire
 
 
 
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